36% Decline in Iran's Trade With Turkey

EghtesadOnline: Iran’s trade with Turkey totaled $4.74 billion during the first nine months of 2019 to register a decrease of 36.61% compared with the corresponding period of 2018, data released by Turkish Statistical Institute show.

News ID: ۷۸۴۹۸۴

02 November 2019

Iran exported $3 billion worth of goods to Turkey during the period under review, indicating a 46.98% decline year-on-year.

Imports stood at $1.74 billion, down 4.42% YOY.

The country was Turkey’s 19th biggest export destination and 13th biggest exporter of goods to the country during the period, according to Financial Tribune.

Iran’s exports to Turkey in September amounted to $96.44 million, down 82.97% YOY while imports from the neighbor during the month went up by 12.79% YOY to $176 million.

Data released by the Islamic Republic of Iran Customs Administration on Iran's non-crude oil trade show liquefied natural gas, non-alloy zinc, aluminum, urea and bitumen were Iran’s main goods exported to Turkey, which exported mainly cooking bananas, tobacco and fiber in the last Iranian year (ended March 20, 2019).