Iran-Turkey trade reach $4.4b in 10 months

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.

4 December 2023
ID : 45177
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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.

Bazargan border crossing between Iran and Turkey

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.

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