Oct 1, 2022, 2:00 PM

Iran’s exports value to Turkey at 49% growth in 5 months

TEHRAN, Oct. 01 (MNA) – The Statistics Department of Turkey announced that Iran’s export of non-oil goods to the Republic of Turkey in the first five months of the current year (from March 21 to August 23) has registered a 49 percent growth.

According to the Statistics, Iran’s trade exchanges with Turkey from Jan. to Aug. 2022 has recorded a 29 percent hike.

Another statistic put Iran-Turkey trade exchanges in the first eight months of the current year in 2022 (from Jan. to Aug.) at $4.332 billion, showing a 29 percent growth as compared to the last year’s corresponding period.

Iran-Turkey value of trade exchanges was announced $3.34 billion last year (from Jan. to Aug. 2021).

Based on this report, Turkey’s export value of products to the Islamic Republic of Iran from Jan. to Aug. 2022 hit $1.950 billion, showing a 11 percent growth.

Accordingly, Turkey had exported $1.752 billion worth of non-oil products to Iran from Jan. to Aug. 2021.

Turkey’s import of products from Iran in the first eight months of the current year in 2022 hit $2.382 billion, showing a 49 percent growth as compared to the same period of last year.

The balance of trade between Iran and Turkey in this period hit $432 million in favor of Iran, the report added.

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News Code 191956