Monday, 02 September 2019 16:37

Turkish Exports to Iran in July Rise by 14.5%

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Turkish Exports to Iran

Turkish Exports to Iran in July Rise by 14.5%

TEHRAN (Tasnim) – The total value of Turkish exports to neighboring Iran in July has increased by 14.5 percent compared to the same month last year, the data released by the Turkish statistical authorities showed.

August, 30, 2019 - The Turkish exports to Iran in July have risen to $219 million, showing a 14.5% increase compared to the same period last year.  

In the seventh month of 2018, Turkey had exported $191 million worth of goods to the Islamic Republic, according to the data.

However, Turkey’s exports to Iran from January to July have decreased by 7.1% year-on-year to $1.397 billion.

Turkey exported $1.503 billion worth of goods to Iran during the first seven months of 2018.

Tehran and Ankara have ramped up efforts in recent years to boost bilateral trade, setting a $30-billion annual trade target and signing several agreements to enhance cooperation in various areas.

Turkey is one of Iran’s major trading partners in the region which has come under pressure from Washington to stop working with Tehran under a fresh wave of US anti-Iran sanctions.

Turkey has emphasized that the US demands to stop purchasing oil and gas from Iran would go unheeded by Ankara.


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