Iran's Trade With Turkey Tumbles 39%

EghtesadOnline: Iran’s trade with Turkey totaled $5.01 billion during the first 10 months of 2019 to register a decrease of 39.24% compared with the corresponding period of 2018, data released by Turkish Statistical Institute show.

News ID: ۷۸۵۰۷۶

30 November 2019

Iran exported $3.09 billion worth of goods to Turkey during the period under review, indicating a 50.28% decline year-on-year.

Imports stood at $1.91 billion, down 5.26% YOY.

Iran was Turkey’s 25th biggest export destination and 18th biggest exporter of goods to the country during the period, according to Financial Tribune.

Iran’s exports to Turkey in October alone amounted to $94.3 million, down 83.3% YOY while imports from the neighbor during the month went up by 12.89% YOY to $172.58 million.

Data released by the Islamic Republic of Iran Customs Administration on Iran's non-oil trade show liquefied natural gas, non-alloy zinc, aluminum, urea and bitumen were Iran’s main commodities exported to Turkey, while Turkey mainly exported cooking bananas, tobacco and fiber during the last Iranian year (March 2018-19).