The trade exchanges between Iran and Turkey in the first five months of 2024 (January to May) reached $2.3 billion, registering a five percent growth compared to last year’s corresponding period.

According to The Iran Project, the Turkish Statistical Institute (TURKSTAT) had put the trade exchanges between the two countries from January to May 2023 at $2.189 billion.

According to this report, Turkey exported $1.340 billion of products to Iran from January to May 2024, showing a 16 percent hike compared to the same period last year.

Turkey had exported over $1.151 billion of products to Iran from January to May 2023, it said.

It added that Turkey exported $285 million of products to Iran in May 2024, indicating a 14 percent growth compared to the same period last year, IRNA reported.

Turkey imported $262 million of goods from Iran in May 2024, registering a 20 percent growth compared to last year’s corresponding period.

Turkey had exported over $249 million of products to Iran in May 2023 and also had imported $217 million of goods in this period, the report added.