Iran's Trade With Turkey Surges by 36% YOY to $3.2b in 7 Months

EghtesadOnline: Iran’s exports stood at $1.89 billion, up 55.15% year-on-year, while imports grew by 11.9% to $1.34 billion from January to July 2022

News ID: 751840

Iran and Turkey traded $3.24 billion worth of goods during the first seven months of 2022 to register a 33.6% year-on-year rise, latest data released by the Turkish Statistical Institute show.

Iranian exports stood at $1.89 billion, up 55.15% year-on-year, while imports grew by 11.9% to $1.34 billion.

Bilateral trade stood at $379 million in July, down 0.5% YOY, with Turkish exports at $192.42 million, down 8.44% YOY, and Iranian exports at $186.59 million, registering a 9.28% growth YOY.