Turkey-Iran Economic and Commercial Relations

Bilateral Trade between Turkey and Iran

2016

2017

2018

2019

Export

4.96

3.26

2.40

2,31

Import

4.70

7.50

6.90

3.29

Volume

9.70

10.76

9.30

5.60

Balance

0.30

-4.24

-4.54

-0,98

Resource: Turkish Statistical Institute (Billion US Dollars)


Turkey’s main exports to Iran:
Automotive supply products, fiberboard, paper and paperboard, tobacco, zinc ores, nonwovens, hygienic towels and diapers

Turkey’s main imports from Iran: Raw petroleum materials (before 2019 May), natural gas, plastics in primary forms, metals other than iron and organic chemicals.

Number of Iranian visitors: 2,5 million (2017), 2 million (2018), 2,1 million (2019)

Bilateral Cooperation Mechanisms:

- Joint Economic Commission (JEC): The last Session of JEC between Turkey and Iran was held on 17-18 September 2019 in Ankara.

- Business Council: Turkey-Iran Business Council was established in 2001.