Turkey's imports from Iran up 74%

2017-10-03 00:38:09 | Posted By Shahram Jenab

Turkey's imports from Iran up 74%

Trade between Iran and Turkey stood at $7.252 billion in the first eight months of 2017, according to the latest figures released by the Turkish Statistical Institute.

This indicates a 14.7-percent growth compared to the amount for the same period in 2016 which was $6.32 billion. Trade between the two countries reached $928.36 million in August 2017, Trend News Agency reported.

Turkey's exports to Iran in August 2017 amounted to about $286.3 million ($462.092 million in August 2016), while the country imported goods worth $642.058 million from Iran in the same month ($459.712 million in the same period of 2016).

Turkey's exports to Iran in the first eight months of 2017 amounted to $2.098 billion, compared to $3.358 billion in the first eight months of 2016.

It also imported goods worth $5.154 billion from Iran in the period which was 74 percent more than the figure for the first eight months of 2016 ($2.962 billion).

Trade between the two countries was $13.71 billion in 2014 while in 2015 the figure stood at $9.76 billion, indicating a 29-percent plunge.