TEHRAN – Head of Iran’s Trade Promotion Organization (TPO) Farzad Piltan said on Monday that exports from Iran to Turkey increased by 23% in the calendar year to late March.
Piltan said that Iranian exports to Turkey had exceeded $7 billion in the Iranian calendar year 1401 which ended on March 20.
“The 12-month figures by the Iranian customs office for the year 1401 show that Iran’s exports to Turkey increased by 23% in that year compared to the year 1400 and reached $7.45 billion from $6.079 billion,” Piltan said.
He said that the new figures indicated that Turkey was Iran’s third largest customer of Iranian exports after China and Iraq in the year to late March.
Iran has increasingly relied on trade revenues since its crude oil exports came under U.S. sanctions in 2018.
Customs figures released earlier this month showed that non-oil exports from Iran had reached an all-time high of $53.166 billion last calendar year.
Elsewhere in his remarks, Piltan said Iran’s imports from Turkey had also increased by 15% in 1401 to reach about $6 billion.