Trade Arabia– Turkey’s exports to Iran from January to November 2016 increased by more than 40 per cent compared to the figure for the same period previous year, according to recent data published by the Turkish Statistical Institute.
The total value of Turkey’s exports to Iran in the first 11 months of 2016 reached $4.635 billion, indicating a growth of 41 percent compared to the amount for the same period in 2015, added the Iran Daily News report, citing Tasnim News Agency
Trade between the two countries from January to November 2016 however fell by 1.6 per cent against the figure for the year earlier.
Bilateral trade in the 11-month period amounted to $8.798 billion, while the figure in 2015 was $8.948 billion, according to the data.
Iran ranked ninth among importers of Turkish goods and tenth among those meeting the country’s import demands during the first 11 months of 2016, added the report.