Iran and Turkey have exchanged as much as $1.75 billion worth of goods in the first four months of 2024, according to a report by the Turkish Statistical Institute (TurkStat).
The figure shows a 2% growth compared to $1.72 billion reported in last year’s corresponding period.
The report also indicated that the volume of trade between the two neighbors stood at $386 million in April 2024, a 12% increase over the same month of 2023.
Turkey exported some $1.05 billion worth of commodities to Iran in January-April period, up 16% compared to $900 million of the same period of last year, the report suggested.
It also noted that Iran’s four-month exports to Turkey have reached $700 million, marking a 14% decline in comparison to $820 million reported in last year’s corresponding period.