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Iran-Turkey trade reaches $7.5bn (3 November 2015)


Iran-Turkey trade in the 1st nine months of 2015 despite declining oil prices in world and its 26.24% effect on bilateral trade compared with last year reached 7.476,024 billion dollars.



During the nine first months of this year Turkeys exports to Iran had a 5.2 percent increase but the countrys imports from Iran dropped by 36.7%, mainly due to the lowered oil prices on international markets.



Iran-Turkey trade volume which was 1,254,234,000 dollars in September, 2014 decreased by 47.45% in September 2015 to reach 659,027,000 dollars.



Turkeys exports to Iran dropped by 51.9% in September, for the 3rd consecutive month this year and that countrys imports from Iran declined by 44.9%, due to the lowered oil prices in international markets.



Source: IRNA- Date:  (3 November 2015)