The trade exchanges between Iran and Turkey in the first 10 months of 2023 reached $4.4 billion, showing a 16 percent decline compared to the same period of last year.
According to the latest figures released by the Turkish Statistical Institute (TURKSTAT), Iran’s trade with the neighboring country stood at $5.3 billion in January-October 2022.
According to TURKSTAT, Turkey’s exports to Iran from January to October 2023 reached $2.55 billion, recording a three percent increase compared to last year’s corresponding period.
Turkey exported over $2.49 billion worth of products to the Islamic Republic in the first 10 months of 2022.
Turkey’s imports from Iran also registered a 34 percent decline and fell from $2.81 billion in January to October 2022 to $1.85 billion in the first 10 months of 2023.