Türkiye-Iran Economic and Commercial Relations

Bilateral Trade between Türkiye and Iran

2018

2019

2020

2021

Export

2.40

2.73

2.25

2,77

Import

6.90

3.60

1.19

2.82

Volume

9.30

6.33

3.44

5.59

Balance

-4.45

-0.87

1.06

-0,05

Resource: Turkish Statistical Institute (Billion US Dollars)

Türkiye’s main exports to Iran: Internal combustion engines, extracts of tobacco and similar products, hygienic products and diapers, zink ores, passenger cars, components for land vehicles, particle boards, paper and cardboards.

Türkiye’s main imports from Iran: Petroleum and petroleum materials (before 2019 May), natural gas, raw zink, aliminium, plastics in various forms and fertilizers.

Number of Iranian visitors: 2,1 million (2019), 385.000 (2020), 1,15 million (2021)

Bilateral Cooperation Mechanisms:

- Joint Economic Commission (JEC): The 28th Session of JEC between Türkiye and Iran was held in the format of a video-conference on 27-28 September 2021.

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