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.