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Turkey's exports to Iran witness fall

Business Materials 29 August 2018 21:40 (UTC +04:00)

Baku, Azerbaijan, Aug. 29

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The latest statistics released by the Turkish Statistical Institute indicates that the exports of Turkey to Iran in July 2018 were valued at about $191.77 million, 30.3 percent less compared to $274.97 million in July 2017.

Turkey exported $1,504.8 million worth of goods to Iran in January-July 2018, 16.9 percent less year-on-year.

Meanwhile, the country imported goods worth $728.5 million from Iran in the seventh month of current year, compared to $‎729.15 ‎million worth of imports in July 2017 (0.1 percent less).

Turkey's imports from Iran in the seven months of 2018 amounted to $4,538.9 million, 0.6 percent more year-on-year.

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).

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