Iran-Turkey trade reaches $930 mn in 2 months

According to The Iran Project,According to the latest figures released by the Turkish Statistical Institute (TURKSTAT), Iran’s trade with the neighboring country stood at $919 million in January-February 2023.

According to TURKSTAT, Turkey’s exports to Iran in the mentioned two months reached $580 million, recording a 23 percent increase compared to last year’s corresponding period.

Turkey exported over $469 million worth of products to the Islamic Republic in the first two months of 2023.

Turkey’s imports from Iran however registered a 22 percent decline and fell from $450 million in January-February 2023 to $350 million in the first two months of 2024.

The trade exchange between Iran and Turkey stood at $5.490 billion in 2023 with a decrease of 14 percent.

Based on the data previously released by the Turkish Statistical Institute, the value of Iran’s exports to Turkey increased by 19 percent to reach $3.35 billion in 2022.

Turkey had imported over $2.82 billion worth of commodities from the Islamic Republic in 2021.

Based on the mentioned data, Iran’s imports from the country also marked an 11-percent rise to hit $3.07 billion in the past year, in comparison with 2021, when the figure was $2.77 billion.

According to the Turkish Statistical Institute, the trade between the two countries registered a 15-percent rise in 2022 compared to 2021.

The value of trade between the two neighbors reached $6.42 billion in 2022, while the figure stood at $5.59 billion in the preceding year.

Iran's trade balance with Turkey was $280 million positive in favor of Iran in the past year.

Reporter : Editorial of The Iran Project