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 growth of 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.