Non-oil trade with neighbors reaches $50b in 10 months
The value of trade in non-oil goods between Iran and 15 neighboring states during the first 10 months of the current Iranian year (started on March 21, 2023) has reached $50 billion, announced an official.
The value of trade exchanges between Iran and 15 neighboring states registered a 1.8 percent growth from March 21, 2023 to January 22, 2024, Rouhollah Latifi, said the spokesman for the trade promotion commission of Iran’s House of Industry, Mine and Trade, according to IRNA.
He noted that more than 79 million tons of goods, valued at over $49 billion, were exchanged between Iran and 15 neighboring states in the 10-month period.
In this timespan, Iran exported more than 60 million tons of goods, valued at over $23 billion, to the neighboring states, Latifi added.
In return, Iran has imported more than 19 million tons of products, valued at over $26 billion, between March 21, 2023 and January 22, 2024, showing a 53.4 and 57.2 percent growth in weight and value, respectively, compared to the same period last year.
Five countries, namely Iraq, the United Arab Emirates (UAE), Turkey, Pakistan and Afghanistan were Iran’s top five export target markets among neighboring states, he said.
Latifi stated that Iran has imported $17 billion, $6 billion, $1.5 billion, $778 million, and $527 million worth of products from the UAE, Turkey, Russia, Oman and Pakistan, respectively.