Sanctions on Iran :40% Decline in Iran’s Trade With Turkey

Iran’s trade with Turkey totaled $5.58 billion in 2019 to register a decrease of 40.09% compared to 2018, data released by the Turkish Statistical Institute show.

Sanctions on Iran has effect on many aspects of Iran’s Economy

Iran & Turkey

Iran exported $3.27 billion worth of goods to Turkey during the period, indicating a 52.81% decline year-on-year.

Decline in Iran’s Trade With Turkey

Imports stood at $2.31 billion, down 3.22% YOY.

Iran was Turkey’s 19th biggest export destination and 14th biggest exporter of goods to the country during the period under review.

Iran’s exports to Turkey in December alone amounted to $89.85 million, down 76.18% YOY while imports from the neighboring country during the month went up by 14.97% YOY to $210.82 million.