Iran-Turkey Trade Hits $2.3 Billion in 5-Month Period

July, 02, 2024 - 12:32
Economy

TEHRAN (Tasnim) – The trade exchanges between Iran and Turkey in the first five months of 2024 (January to May) reached $2.3 billion, registering a five percent growth compared to last year’s corresponding period.

The Turkish Statistical Institute (TURKSTAT) had put the trade exchanges between the two countries from January to May 2023 at $2.189 billion.

According to this report, Turkey exported $1.340 billion of products to Iran from January to May 2024, showing a 16 percent hike compared to the same period last year.

Turkey had exported over $1.151 billion of products to Iran from January to May 2023, it said.

It added that Turkey exported $285 million of products to Iran in May 2024, indicating a 14 percent growth compared to the same period last year, IRNA reported.

Turkey imported $262 million of goods from Iran in May 2024, registering a 20 percent growth compared to last year’s corresponding period.

Turkey had exported over $249 million of products to Iran in May 2023 and also had imported $217 million of goods in this period, the report added.