Wednesday , January 17 2018
Breaking News
Home / International Customs / Iran / Iran Turkey trade grows in favor of Iran
Iran Turkey trade grows in favor of Iran

Iran Turkey trade grows in favor of Iran

TEHRAN: The latest statistics released by the Turkish Statistical Institute, indicates that the exports of Turkey to Iran in November 2017 were valued at about $279.57 million, 12.7 percent less compared to $320.276 million in November 2016. Meanwhile the country imported goods worth $418.697 million from Iran in the same month, compared to $‎475.37 ‎million worth of imports in November 2016.

The trade turnover between the two countries reached $698.27 million in November 2017. The trade turnover between Iran and Turkey stood at $9.9 billion during the first 11 months of 2017. The figure indicates a rise by 12.5 percent compared to same period of the preceding year ($8.8 billion). Turkey’s exports to Iran in the period amounted to $2.882 billion, compared to $4.633 billion in the first 11 months of 2016.

The country also imported $7.017 billion worth of goods from Iran in the 11-month period, 68.6 percent more compared to January-November 2016 ($4.163 billion). So, the trade balance between the two countries was $4.135 billion, in favor of Iran.