Iran and Turkey traded $1.47 billion worth of goods during the first four months of 2023, latest data released by the Turkish Statistical Institute show.
The figures suggest a 23.18% decline compared to figures from last year’s corresponding period.
Iranian exports amounted to $749.9 million, down 34.38% while imports declined by 6.69% to $724.1 million.
Bilateral trade stood at $290.62 million in April, down 42.89% YOY, with Turkish exports at $163.12 million, down 24.32% YOY, and Iranian exports at $127.49 million, registering a 56.54% decline YOY.
The map shows main border crossings between Iran and Turkey.
Iran and Turkey traded $5.35 billion worth of goods in 2022 to register a 12.18% year-on-year rise. Iran’s exports stood at $2.91 billion, up 15.49% while imports grew by 8.47% to $2.44 billion
Bilateral trade stood at $4.77 billion 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.
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 the Nakhchivan Autonomous Republic. Its customs office, established in the fiscal 1926-27, is the only international border between Iran and Turkey that works around the clock.