Iran’s Trade with Neighbors Crosses $29bn in 7 Months

According to the latest data released by the Islamic Republic of Iran Customs Administration, Iran’s trade with neighbors crossed $29 billion during the 7 months.
Iran traded 45.28 million tons of goods worth $29.09 billion, excluding crude oil exports, with its 15 neighboring countries during the current Iranian year’s first seven months (March 21-Oct. 22).
The tonnage of trade saw a 25.75% year-on-year decline, but its value experienced a 2.72% rise, Financial Tribune reported.
The UAE was the main trade partner of Iran during the period with 13.23 million tons worth $12.91 billion. It was followed by Turkey with 6.35 million tons worth $6.29 billion and Iraq with 11.62 million tons worth $4.14 billion.
Exports reached 33.28 million tons worth $14.24 billion during the period to mark a decline of 32.02% and 3.59% in tonnage and value respectively.

About Parvin Faghfouri Azar

Check Also

Iran to Boost Oil Exports Infrastructure on Kharg Island

The head of the Iranian Oil Terminals Company (IOTC) says that the oil export infrastructure …

Leave a Reply

Your email address will not be published. Required fields are marked *