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Turkey’s trade turnover with Iran down

Türkiye Materials 23 February 2021 15:26
Turkey’s trade turnover with Iran down

BAKU, Azerbaijan, Feb. 23

Trend:

The trade turnover between Turkey and Iran decreased by $2.7 billion from January through December 2020 compared to the same period of 2019, amounting to $2.8 billion, the Turkish Ministry of Trade told Trend on Feb. 23.

"Turkey's export to Iran amounted to $1.8 billion while import from Iran - $1 billion," the ministry said.

At the same time, trade turnover increased by $86 million in December 2020 compared to the same period of 2019, amounting to $384 million.

"Turkey's export to Iran amounted to $254 million while import from Iran - $130 million," the ministry said.

Turkey's trade turnover amounted to $388.9 billion from January through December 2020.

During the reporting period, Turkey's export decreased by 6.3 percent compared to the same period of 2019, amounting to $169.5 billion.

Turkey's imports increased by 4.3 percent compared to the same period of 2019, amounting to $219.4 billion.

Turkey's foreign trade turnover amounted to $40.2 billion in December 2020. Export increased by 16 percent compared to December 2019 up to $ 17.8 billion. Import increased by 11.6 percent compared to December 2019 and amounted to $22.4 billion.

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