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Turkey - Iran trade turnover significantly down in 2019

Türkiye Materials 13 February 2020 10:20 (UTC +04:00)

BAKU, Azerbaijan, Feb. 13

By Rufiz Hafizoglu - Trend:

The trade turnover between Turkey and Iran decreased by over $3.7 billion in 2019, compared to 2018, and exceeded $5.5 billion, Trend reports with reference to the Turkish Trade Ministry.

The total Turkish exports to Iran exceeded $2.3 billion in 2019, while imports from Iran exceeded $3.2 billion.

According to the ministry, the Turkey - Iran trade amounted to over $300.6 million in December 2019, having decreased by $259.9 million, compared to December 2018.

Turkey's exports to Iran exceeded $210.8 million in December 2019, while imports from Iran amounted to over $89.8 million.

Turkey's foreign trade turnover exceeded $374.2 billion in 2019.

Turkish exports amounted to over $171.5 billion in 2019, having increased by 2.1 percent compared to 2018.

Turkey's imports amounted to just over $202.7 billion in 2019, indicating a decrease of 9.1 percent compared to 2018.

Turkey's foreign trade turnover amounted to over $33.7 billion in December 2019.

Turkey's exports exceeded $14.6 billion in December 2019, having grown by 6.4 percent, compared to December 2018.

Turkey's imports slightly exceeded $19 billion in December 2019, indicating an increase of 14.9 percent compared to December 2018.

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Follow the author on Twitter: @rhafizoglu

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