Iran Economy NewsIran-Turkey trade soars by 72%

Iran-Turkey trade soars by 72%

-

Iran Focus: Tehran, Iran, Aug. 03 – Bilateral trade between Iran and Turkey reached $7.762 billion for the first half of 2011, up from $4.499 billion for the same period in 2010, a rise of more than 72 percent.

Iran Focus

Tehran, Iran, Aug. 03 – Bilateral trade between Iran and Turkey reached $7.762 billion for the first half of 2011, up from $4.499 billion for the same period in 2010, a rise of more than 72 percent.

In June alone there was a rise of more than 45 percent, with bilateral trade reaching $1.452 billion, the official news agency IRNA reported Tuesday.

In the first six months of 2011, Turkey’s exports to Iran fell by 14.1 percent to $279.575 million from $325.506 million, according to the Turkish State Statistics Institute. Turkey’s imports from Iran, however, rose by 74.3 percent to $673.039 million in June from $172.784 million in the same month the previous year.

 

Latest news

Behind The $6 Billion Preferential Currency Allocation Scandal In Iran’s Auto Assembly Industry

News about the allocation of a large share of the automotive industry's government-supplied foreign currency to assembly companies has...

The Broken Chain of Healthcare in Iran’s Most Deprived Province

In recent days, the death of a teenager once again exposed healthcare deficiencies in Sistan and Baluchestan in southeastern...

Sharp Decline in the Value of the Iranian Rial Against the U.S. Dollar

The decline in the value of the rial in Iran has entered a new phase amid intensified U.S. financial...

The IRGC Fears Protests and Uprisings by Iranian People

The Islamic Revolutionary Guard Corps (IRGC) Intelligence Organization issued a statement warning about the possibility of a new wave...

Widespread security arrests by the Iranian regime in various cities

The Iranian regime's Ministry of Intelligence announced the arrest of 30 citizens in the counties of Mahallat and Nimvar....

The Iranian regime’s policies have caused structural hyperinflation

The Statistical Center of Iran reported a 128.6% increase in the prices of food items in August compared with...

Must read

Iran’s Authorities Are Destroying Its Agriculture

By Pooya Stone Recently, many videos have been posted...

Iran tried to swap guns for Somali uranium

Daily Telegraph: Iran tried to obtain uranium from Somalia...

You might also likeRELATED
Recommended to you