23 Dec 2024
Sunday 2 February 2020 - 16:21
Story Code : 369429

40% decline in Iran's trade with Turkey

Financial Tribune - Irans trade with Turkey totaled $5.58 billion in 2019 to register a decrease of 40.09% compared to 2018, data released by the Turkish Statistical Institute show.

Iran exported $3.27 billion worth of goods to Turkey during the period, indicating a 52.81% decline year-on-year.

Imports stood at $2.31 billion, down 3.22% YOY.

Iran was Turkeys 19th biggest export destination and 14th biggest exporter of goods to the country during the period under review.

Irans exports to Turkey in December alone amounted to $89.85 million, down 76.18% YOY while imports from the neighboring country during the month went up by 14.97% YOY to $210.82 million.
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