Iranian Exports to Turkey Up by 80% in 7 Months 118
Iran exported $4.5 billion worth of goods to Turkey from January to July 2017, indicating an 80% increase compared to a year earlier, in which the figure amounted to $2.5 billion, according to the Turkish Statistical Institute.
The total value of bilateral trade between the two neighboring countries over the mentioned period has also witnessed a 16 percent increase, reaching $6.3 billion.
The trade exchanges between Iran and Turkey from January to July 2016 had stood at $5.4 billion.
Oil and gas are Iran’s main exports to Turkey, according to the report.
The deal took effect in January 2016, terminating all nuclear-related sanctions on Iran.
The cooperation documents were signed in a ceremony in Ankara attended by the two countries’ presidents. The documents covered a range of fields, including higher education, social security, plant maintenance services and standardization.