BAKU, Azerbaijan. Dec.8
Trend:
Trade turnover between Turkey and Iran in the first 10 months of 2020 made up over $2.1 billion, which is a decline of $2.8 billion compared to the same period of last year, Trend reports referring to the Turkish Ministry of Trade.
During the reporting period, Turkey's exports to Iran exceeded $1.3 million, and imports from Iran – $795 million, the ministry said.
At the same time, the trade turnover between the two countries in October 2020 grew by over $2.5 million more than in the same period of 2019, equaling $268.9 million. The exports from Turkey to Iran stood at $175.2 million, and imports from Iran - $93.7 million, noted the ministry.
Turkey's foreign trade turnover surpassed $37 billion in October this year.
The ministry said Turkey's exports in October this year increased by 5.6 percent compared to the same months of 2019, reaching $17.3 billion.
At the same time, Turkey's imports rose by 8.4 percent year on year and totaled over $19.7 billion, the ministry.
According to the ministry, Turkey's trade turnover from January through October 2020 amounted to $311.5 billion.
In the past 10 months of this year, Turkey's exports dropped by 9.1 percent compared to the same period of 2019, amounting to $135.6 billion, the ministry said.
Meanwhile, Turkey's imports increased by 1.2 percent over the year, amounting to $175.8 billion.
In 2019, Turkey's foreign trade turnover was equal to $374.2 billion.