A new report by Turkish Statistical Institute suggests that Iran’s exports to Turkey in the first seven months of 2022 has grown by 56% compared to the same period in 2021.

The report also shows that Iran’s total trade with Turkey stood at $3.84 billion in the period under review up 33% in comparison to $2.87 billion of the same period of the preceding year.  

Turkey’s exports to Iran stood at $1.7 billion in the mentioned period registering a 13% year-on-year increase, the report said.

It also added that Turkey’s imports from neighboring Iran totaled $2.14 billion in the seven-month period showing some 56% growth in comparison to the same period of the preceding year.

Iran registered a $443 million surplus in the seven-month trade with Turkey, the figures suggested.