Iran's non oil exports to Turkey hit record $1.7B in FY 23
Iran is the most important trading partner of Turkey. For the financial year 2023, it is reported that Iran was the third most favoured destination for Turkish exports. According to the Turkey export data reports, around 1.5 billion dollars worth exports were made by Turkey to Iran in 2023. Compared to the last year Turkey customs data records, it was 17% more. In 2022, Turkish exports to Iran were reported to be 3.4 billion dollars. In 2022, the bilateral trade between Turkey and Iran saw a rise of 15%. According to the Turkey import export data , the bilateral trade between the two reached 6.5 billion dollars in FY 2022 from 5.4 billion dollars in FY 2021. Iran’s non-oil commodities exports were around 1.7 billion dollars during FY 2023. Our Turkey trade data suggests that there was a decline of 23% as compared to last year imports. It was around 2.7 billion dollars for the same period. These include iron, steel, plastics, zinc, copper, aluminium, fertilizers, pre...