Tehran-Ankara trade up 80%

Financial Tribune- Iran’s trade with Turkey during the seven months to October 21 has jumped by more than 80% compared with last year’s corresponding period.

According to the Islamic Republic of Iran Customs Administration, Iran exported 9.2 million tons of non-oil goods worth $3.2 billion to Turkey during the period to register a 316% upsurge year-on-year.

More than 987,000 tons of commodities worth $1.5 billion were imported from the neighboring country, which shows a 16% decline.

Gas, copper, aluminum, steel, zinc, petrochemicals, watermelons, pistachios and raisins are among Iran’s main exports to Turkey. The Islamic Republic’s imports from the neighboring country mainly include bananas, grains, cigarettes, tobacco, machinery, wood, cotton, beans, steel, pharmaceuticals, paper, shampoos and apparel.

The two sides plan to boost bilateral trade to $30 billion. Iran and Turkey are signatories to a preferential trade agreement.