Iran's ambassador to Turkey Bahman Hosseinpour said the total value of Iran-Turkey trade exceeded 7 billion U.S. dollars during the first five months of 2011, the English-language Tehran Times daily reported Thursday.

Given the 80-percent growth in trade between the two countries, it is expected that the bilateral trade will go over 13 billion U. S. dollars by the year's end, Hosseinpour was quoted as saying on Wednesday.

Hosseinpour said in July that the value of trade exchanges between the two neighbors reached about 11 billion U.S. dollars in 2010 from 7 billion U.S. dollars in 2008.

According to a report by Turkish Statistical Institute in April, the trade volume between Iran and Turkey surpassed 2.144 billion U. S. dollars in the first two months of 2011, showing a 70-percent growth.