The volume of trade exchanged between Iran and Turkey in the first two months of the current year has registered a 11 percent decline as compared to the same period of last year.

Iran and Turkey exchanged $1.38 billion worth of products in January-February 2022.

According to this report, Turkey’s export of products to Iran in January-February 2023 hit $471 million, showing a 1.5 percent growth as compared to the last year’s corresponding period.

Accordingly, Turkey exported $464 million worth of products to the Islamic Republic of Iran in January-February 2022.

Another statistic indicated that Turkey’s import of products from Iran in the same period hit $451 million, recording a 21 percent decline as compared to the same period of last year.

Turkey imported $574 million worth of products from Iran in January-February 2022.

The balance of trade between the two countries of Iran and Turkey in the first two months of the current year in 2023 reached $21 million in favor of Turkey.

The trade value exchanged between Iran and Turkey in 2022 had amounted to $6.420 billion, indicating a 15 percent growth, the report added.