Cross-border trade up 14.5%
fficial figures published by the Iranian Finance Ministry show that trade exchanges between Iran and its neighboring countries rose by 14.5% in value terms in the last Iranian calendar year 1401 (ended March 20), compared to the year before.
During the year 1401, Iran traded a total of 96,767 tons of goods with all of its 15 neighboring countries, namely, Iraq, the UAE, Pakistan, Afghanistan, Bahrain, Qatar, Kuwait, Armenia, the Republic of Azerbaijan, Russia, Turkey, Kazakhstan Turkmenistan, Oman and Saudi Arabia in the year to late March, IRNA reported.
That value of trade was $58.843 billion and increased by 14.5 percent year-on-year.
Of the total trade with the neighboring states in the year 1401, non-oil exports of Iran stood at $30.537 billion. That was up by nearly 19.5% compared with the year to late March 2022.
Non-oil shipments exported by Iran to neighbors weighed 75.184 million tons, a slight increase (0.1%), compared with the year 1400, when Iran exported 74.622 million tons.
Iraq, Turkey, the UAE, Afghanistan and Pakistan were, respectively, the top importers of Iranian goods in 1401.
Figures also show that the country’s imports from its neighboring countries have risen by 9.6% in value terms, year-on-year, in the year 1401, while falling by 21.6% in volume terms over the same period.