ANKARA (IRNA) -- Trade exchanges between Iran and Turkey in the first nine months of 2003 showing an increase of 1.67 percent over the figure for the same period last year and stood at $1.668 billion.

Trade between the two neighboring states in the same period last year amounted to $880.955 million.

According to the report released by Turkey's State Statistics Institute, during the period, Turkey exports to Iran stood at $343.540 million while its imports were $1.345 billion.

Iran had a share of one percent of the total goods exported by Turkey during the period while its imports from Iran made up 2.7 percent of its total imports for the January-September period.

During the same period last year, Turkey exported goods worth $220.676 to Iran and imported $660.279 million worth of products from it.

According to the same report, in the month of September this year, Turkey's exports and imports to and from Iran were worth $35.260 million and $176.373 million respectively.

The figures of for the same month last year stood at $23.133 million and $87.197 million respectively.

Crude oil and natural gas constituted the major part of the goods imported by Turkey from Iran.

The volume of Iran-Turkey trade in 2002 increased over the previous year by $18 million stood at $1.218 billion.

Turkey's exports to Iran in 2002 stood at $299.691 million while imports from Iran amounted to $918.631 million.

Given the current trend in the mutual trade exchange, it is likely that the predicted two-billion-dollar target would be materialized.

Turkey's foreign trade exchange in the first nine months of 2003 increased by 32.76 percent over the similar period last year stood at $82.518 billion.

The figure of the same period last year was put at $62.152 billion.

The goods exported by Turkey in the same period this year showed a 30.4 percent boost over same period last year stood at 33.555 billion, while that of its imported products amounted to $48.963 billion with a 34.5 percent boost.