TEHRAN (Iran News) – Iran has exported non-oil commodities valued at $1.7 billion to Turkey during the first three months of the current Iranian calendar year (March 21-June 21), the Islamic Republic of Iran Customs Administration (IRICA) announced.

As reported, Turkey was the third top export destination of Iranian non-oil goods in the mentioned three-month period.

Exporting non-oil commodities worth $1.5 billion to the Islamic Republic, Turkey was also the third top source of Iran’s import in the first quarter of the present year.

Based on the data previously released by the Turkish Statistical Institute, the value of Iran’s exports to Turkey increased by 19 percent to reach $3.35 billion in 2022.

Turkey had imported over $2.82 billion worth of commodities from the Islamic Republic in 2021.

Based on the mentioned data, Iran’s imports from the country also marked an 11-percent rise to hit $3.07 billion in the past year, in comparison with 2021, when the figure was $2.77 billion.

According to the Turkish Statistical Institute, the trade between the two countries has registered a 15-percent rise in 2022 compared to 2021.

The value of trade between the two neighbors reached $6.42 billion in 2022, while the figure stood at $5.59 billion in the preceding year.

Iran’s trade balance with Turkey has been $280 million positive in favor of Iran in the past year.

Meanwhile according to the reports, the trade exchanges between Iran and Turkey in the first five months of 2023 were about $2.2 billion, showing a 20 percent decline compared to the same period of last year.

According to the latest figures released by the Turkish Statistical Institute (TURKSTAT), Iran’s trade with this neighboring country hit $2.190 billion from January to May 2023, registering a 20 percent slump compared to a year earlier.

The Institute put the value of trade exchanges between the two countries from January to May 2022 at $2.740 billion.

According to this report, Turkey’s export of products to Iran from January to May 2023 reached $1.152 billion, recording a four percent decrease compared to last year’s corresponding period.

Turkey had exported over $1.204 billion worth of products to the Islamic Republic from January to May 2022.

Turkey’s import of products from Iran registered a 32 percent decline and reached from $1.536 billion in January to May 2022 to $1.38 billion in the first five months of 2023.