Turkey experiences significant negative balance in trade with Iran
Baku, Azerbaijan, June 3
Trade turnover between Iran and Turkey reached $3.63 billion in the first four months of 2018, some 2 percent more compared to January-April 2017, when the mutual trade value amounted to $3.55 billion.
The latest statistics released by the Turkish Statistical Institute indicates that the exports of Turkey to Iran in April 2018 were valued at about $184.9 million, 26.36 percent less compared to $251.1 million in April 2017.
Turkey exported $945.26 million worth of goods to Iran in January-April 2018, 10.26 percent less year-on-year.
Meanwhile, the country imported goods worth $802.36 million from Iran in the fourth month of current year, compared to $741.9 million worth of imports in April 2017 (8.15 percent more).
Turkey's imports from Iran in the first four months of 2018 amounted to $2.684 billion, 7.3 percent more year-on-year.
Turkey’s negative trade balance with Iran accounted to $1,739 million in January-April 2018.
Trade turnover between Iran and Turkey stood at $10.75 billion in January-December 2017. The figure indicates a rise by 11.2 percent compared to the same period of the preceding year ($9.67 billion).
Turkey's exports to Iran in the period amounted to $3.26 billion, compared to $4.97 billion in the 12-month period of 2016.
The trade turnover between the two countries was $13.71 billion in 2014, which stood at $9.76 billion in 2015, indicating a 29-percent plunge.