Iran-Turkey trade grows in favor of Iran
By Trend
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.
The trade turnover between the two countries was $13.71 billion in 2014, which stood at $9.76 billion in 2015, indicating a 29-percent plunge.
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