Turkey's trade turnover with Iran down
BAKU, Azerbaijan, Sept. 10
By Rufiz Hafizoglu - Trend:
The trade turnover between Turkey and Iran decreased by $1.7 million in July 2020 compared to the same month in 2019, standing at $317.9 million, the Turkish Trade Ministry told Trend.
Turkey’s exports to Iran in the reporting month amounted to $226.1 million, while imports from Iran - $91.8 million, the ministry said.
From January through July 2020, the trade turnover between the two countries slumped by $2.8 billion compared to the same period of last year, amounting to $1.3 billion.
According to the ministry, Turkey’s exports to Iran in the first seven months of this year amounted to $885.3 million, and imports from Iran – over $509 million.
Turkey’s foreign trade turnover made up $32.8 billion in July this year.
Meanwhile, Turkey's exports declined by 5.8 percent compared to the same month of 2019, amounting to $15.1 billion.
Imports to Turkey in July 2020 rose by 7.9 percent over the year and exceeded $17.7 billion.
From January through July 2020, Turkey's trade turnover amounted to over $206.7 billion, while the country's export value was 13.7 percent less than in the same period of 2019, making up $90.1 billion, the ministry said.
In the first 7 months of this year, Turkey's imports declined by 3.9 percent compared to the same period of 2019, amounting to $116.6 billion.
The foreign trade turnover of Turkey in 2019 made up $374.2 billion.
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