UK exports to Iran grew by 25% in four months
The UK Department for Business and Trade put the value of the country’s exports to Iran in the first four months of 2023 at $25 million, registering a 25 percent growth compared to last year’s corresponding period.
In its latest statistics, the UK Department for Business and Trade said the trade exchanges with Iran from January to April 2023 reached £27 million (equivalent to $34 million), Tasnim news agency reported.
It shows a 17 percent hike compared to the same period last year.
According to the report, the value of trade exchanges between the two countries reached £23 million from January to April 2022.
The UK import of products from Iran in the first four months of the current year stood at £7 million (equivalent to $9 million), which shows no considerable change compared to the same period last year.
But UK export of products to Iran from January to April 2023 hit £20 million (equivalent to $25 million), registering a 25 percent growth.
This is while the UK had exported £16 million worth of products to Iran from January to April 2022.
According to this report, the value of trade exchanges between the two countries reached £696 million in 2022, showing a 72 percent hike compared to a year before.