Turkey-Iran Economic and Commercial Relations

Bilateral Trade between Turkey and Iran

2016

2017

2018

2019/January-July

Export

4.96

3.26

2.40

1.40

Import

4.70

7.50

6.90

2.82

Volume

9.70

10.76

9.30

4.22

Balance

0.30

-4.24

-4.54

-1.42

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, natural gas, plastics in primary forms, metals other than iron and organic chemicals.

Number of Iranian visitors: 1.6 million (2016), 2,5 million (2017), 2 million (2018)

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.