Iran-UK trade hits $105m in 2023: Statistics
The UK Department of Trade and Industry announced a boom in trade with Iran in 2023, saying the two countries’ trade exchanges reached $105 million last year.
In its latest report, the department put the value of the trade exchanges between Iran and the UK in 2023 at £83 million ($105 million), showing a four-percent growth compared to a year earlier, reported Tasnim News Agency.
Iran and the UK had exchanged over £80 million from January to December 2022.
According to the report, the UK imported £16 million ($20 million) from Iran in 2023.
The country had imported £1 million worth of non-oil products from Iran between January and December 2022.
Regarding the export of products, the UK exported £67 million ($85 million) to Iran in 2023, registering a 6% hike compared to a year before.
The UK had exported £63 million worth of products to Iran from January to December 2022.