Türkiye-Iran Economic and Commercial Relations

Bilateral Trade between Türkiye and Iran

2021

2022

2023

2024

Export

2,77

3,07

3,31

3.23

Import

2,82

3,35

2,18

2,45

Volume

5,59

6,42

5,49

5,68

Balance

- 0,05

- 0,28

1,13

0,78

Resource: Turkish Statistical Institute (Billion US Dollars)

Türkiye’s main exports to Iran: Machinery and parts, plastics and various chemical products, agricultural products, metal ores

Türkiye’s main imports from Iran: Petroleum and petroleum products (before May 2019), natural gas, metal products, agricultural products

Number of Iranian visitors to Türkiye: 2,1 million (2019), 385 thousand (2020), 1,15 million (2021), 2.33 million (2022), 2,5 million (2023), 3 27 million(2024)

Bilateral Cooperation Mechanisms:

- Joint Economic Commission (JEC): The 29th Session of JEC between Türkiye and Iran was held in Tehran on 9-11 December 2024.

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