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Turkey-Iran trade significantly drops

Türkiye Materials 7 January 2020 15:56 (UTC +04:00)
Turkey-Iran trade significantly drops

BAKU, Azerbaijan, Jan. 7

By Rufiz Hafizoglu - Trend:

Turkey’s trade with Iran dropped by $238.6 million in November 2019 compared to the preceding year, amounting to $273 million, Trend reports via Turkey’s Ministry of Trade.

In November 2019, Turkey’s export to Iran amounted to $189.7 million, and import from Iran to $83.3 million, the ministry said.

From January through November 2019, trade between Turkey and Iran dropped by $3.5 billion compared with the same period of 2018, amounting to $5.2 billion.

During this period, Turkey’s export to Iran amounted to $2.1 billion, and import from Iran to $3.1 million, a source in the ministry said.

In November 2019, Turkey’s foreign trade amounted to $33.2 billion.

During this month, Turkey’s export increased by 0.1 percent compared with November 2018, amounting to $15.5 billion.

At this time, import to Turkey increased by 9.7 percent compared with November 2018, and reached $17.7 billion.

From January through November 2019, Turkey’s foreign trade amounted to $340.5 billion.

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Follow the author on Twitter: @rhafizoglu

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