<p dir="LTR"><span>TEHRAN TIMES- Iran’s exports to its western neighbor, Turkey, witnessed an increase of 80 percent during the first seven months of 2017 and stood at $4.5 billion, Tasnim news agency reported on Tuesday.</span></p> <p dir="LTR"><span>According to the latest data published by Turkish Statistical Institute, Iran-Turkey trade transactions in the said period increased 16 percent in comparison with the preceding year, and reached $6.3 billion from its previous $5.4 billion.</span></p> <p dir="LTR"><span>As reported, the growth in trade between the two countries is due to the boost in imports of Turkey from Iran. From January to July 2017, Turkey imported $4.5 billion of goods from Iran, registering 80 percent growth from the same time span in 2016 when the figure stood at $2.5 billion.</span></p> <p dir="LTR"><span>Meantime, Turkey’s exports to Iran in the same period decreased 37 percent dropping down to $1.8 billion in the said period in 2017 from its previous $2.9 billion in January-July, 2016.</span></p> <p dir="LTR"><span>Oil and gas constitute major imports of Turkey from Iran.</span></p> <p dir="LTR"><span>Iran is recognized as the 10th destination of Turkey for exporting its goods while it is the 7th supplier of goods for Turkey, the same report confirmed.</span></p>