Iran, Turkiye trade hits $2.3 bn in 5 months

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The Turkish Statistical Institute (TURKSTAT) put the total value of the trade exchanges between Iran and Turkiye in the first five months of 2024 at $2.3 billion.

According to the statistics, $2.3 billion worth of goods were exchanged between Iran and Turkiye from January to May 2024, showing a 5% increase compared to the same period last year.

The two countries had exchanged $2.189 billion worth of non-oil goods from January to May 2023.

Based on this report, Turkiye’s export of products exceeded $1.340 billion, showing a 16% increase compared to last year’s corresponding period.

Turkiye imported $960 million worth of products from Iran in the five months to May.

Non-oil imports of Turkiye from Iran had reached $1.038 billion from January to May 2023.


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