Turkey’s imports from Iran up by 74%

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    Trend:The trade turnover between Iran and Turkey stood at $7.252 billion during the first eight months of 2017, according to the latest statistics released by the Turkish Statistical Institute.

    The figure indicates a rise by 14.7 percent compared to same period of the preceding year ($6.32 billion).

    The trade turnover between the two countries reached $928.36 million in August 2017.

    The exports of Turkey to Iran in August 2017 valued about $286.3 million ($462.092 million in August 2016), meanwhile the country imported goods worth $642.058 million from Iran in the same month ($459.712 million in the same period of 2016).

    Turkey’s exports to Iran in the first eight months of 2017 amounted to $2.098 billion, compared to $3.358 billion in the first eight months of 2016.

    The country also imported $5.154 billion worth of goods from Iran in the period, 74 percent more compared to the first eight months of 2016 ($2.962 billion).

    The trade turnover between the two countries was $13.71 billion in 2014, which stood at $9.76 billion in 2015, indicating a 29-percent plunge.

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