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COVID-19 leads to 90 per cent decline in Iran’s exports to Turkey

  

Mehrdad Sa’adat, Chairman, Iran-Turkey Joint Chamber of Commerce says COVID-19 pandemic has led to a 90 per cent decline in Iran’s exports to Turkey though trade between the two countries has been increasing after reopening of the borders. Sa’adat said Iran has continued to export to Turkey via road and railway. In early June, land borders between Iran and Turkey reopened after more than three months.

On the first day of border reopening, 150 Iranian trucks entered Turkey, according to Rouhallah Latifi, Spokesperson, Islamic Republic of Iran Customs Administration (IRICA). The trucks entered Turkey via three land borders of Bazargan, Sero, and Razi. Turkey relies on Iran as a major market for its manufacturing goods, including industrial machinery and garment, while it also sends to Iran some sizable shipments of crops and fruits that are not cultivated in the country.

As announced by Latifi, Iran and Turkey exchanged 6,300 wagons of commodities via railway during a 70-day period from the beginning of the current Iranian calendar year. Iran’s exports to Turkey via railway stood at 3,072 wagons of goods and its imports from the neighboring country reached 3,228 wagons during the mentioned period of time.

 
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