Iran-Turkey trade up by 45.89 pc in 10 months

News Code: 80447039 (0) Publish Date : 18/09/1391 -
18:42
http://old.irna.ir/News/Economic/Iran-Turkey-trade-up-by-45-89-pc-in-10-months/80447039

Ankara, Dec 8, IRNA – The monetary value of Iran-Turkey trade reached $20
billion in 10 months to November, showing a 45.89 percent growth in value
compared to the same period the previous year.

The two countries' trade stood at $19.697 billion last year.

The rapid growthof trade in 2012 was due to a 243.5 percent growth in
Turkey's exports to Iran compared to the same period the previous year.

Gold figured prominently in the list of Turkey's exports to Iran, accounting
for more than $7bn of the total figure.

Turkey's exports to Iran were worth over $2.927 billion in the first 10
months of 2011, which rose to $9.329 billion during the said months in 2012.

In contrast, Turkey's imports from Iran in the 10-month period in 2011
equalled $10.573 billion, which rose to $10.368 billion in the same period
in 2012.

Turkey exports gold to Iran in exchange for oil and gas. It started
exporting gold to Iran from February this year.

1420**1412

Islamic Republic News Agency/IRNA NewsCode: 1033553