Iran and Turkey traded $4.08 billion worth of goods during the first three quarters of 2022 to register a 24.15% year-on-year rise, latest data released by the Turkish Statistical Institute show.
Iranian exports stood at $2.32 billion, up 37.85% year-on-year, while imports grew by 9.78% to $1.76 billion.
Bilateral trade stood at $433.91 million in September, down 5.67% YOY, with Turkish exports at $220 million, up 8.57% YOY, and Iranian exports at $213.17 million, registering an 8.57% growth YOY.
Iran and Turkey traded $4.77 billion worth of goods in 2021 to register a 69.12% rise compared with the preceding year. Iranian exports stood at $2.52 billion, up 145.18% year-on-year, while imports grew by 25.5% to $2.25 billion.
Bilateral trade stood at $3.43 billion in 2020, registering a decline of 45.82% compared with 2019. Iran exported $1.192 billion worth of goods to Turkey in 2020 to register a 66.9% YOY decline while imports from Turkey stood at $2.245 billion, down 17.97% YOY.
Bazargan in Maku County is the most important Iranian land border for importing and exporting from and to Turkey. The city borders both Iraq and Nakhchivan Autonomous Republic. Its customs office, established in the fiscal 1926-27, is the only international border checkpoint between Iran and Turkey that works round the clock.