Iran's import of chemicals from Turkey dips
BAKU, Azerbaijan, Sept. 25
By Rufiz Hafizoglu - Trend:
The export of chemical products from Turkey to Iran decreased by 38.03 percent in the past 8 months of 2020, compared to the same period of 2019, having slightly crossed $225.1 million, the Turkish Ministry of Trade told Trend on Sept.25.
In August 2020, Turkey exported chemicals worth $32.6 million to Iran, which is 27.63 percent less than in August last year.
The value of export of chemical products from Turkey to international markets dropped by 14 percent from January through August 2020, compared to the same period in 2019, making up $11.4 billion.
Turkey’s export of chemicals made up 11.2 percent of the country’s overall export for the reporting period.
In August 2020, Turkey exported the chemicals worth over $1.3 billion to global markets, which is 15.6 percent less compared to the same period of 2019.
Meanwhile, the export of chemicals from Turkey to the foreign market amounted to 11 percent of the overall export volume.
Over the past 12 months (from August 2019 through August 2020), Turkey exported the chemicals worth over $18.7 billion abroad.
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