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Iran promoting trade with neighbors, figures show
The statistics for Iran’s trade exchanges with 15 neighboring countries indicate that Iran’s foreign trade value from March 20 to May 20 has surpassed $9.2 billion, showing a 15% increase compared to the last year’s corresponding period, Tasnim
reported.
Iran has exported $4.9 billion in products to 15 neighbors, registering a 25% growth compared to the last year’s corresponding period.
Iran has also imported $4.3 billion worth of products from the neighboring states in these two months.
Saudi Arabia, Bahrain, Kuwait and Oman account for the biggest rise in Iran’s exports.
Meanwhile, the value of Iran’s non-oil exports to Pakistan in the first four months of 2024 has reached $360 million, showing an 18% growth compared to the last year’s corresponding period.
The Pakistani Ministry of Commerce’s statistics show that Pakistan has imported $360 million in products from Iran in the first four months of 2024, 18 percent higher than in January-April 2023.
Iran’s southeastern neighbor’s import from Iran in April 2024 has hit $73.2 million, registering a 30 percent growth compared to the same month last year.
The value of Iran’s exports to Pakistan totaled $944 million in 2023, indicating a 13% rise compared to a year earlier.
Iran ranked as the eleventh source of imports for Pakistan in April 2024. China, the UAE, and Saudi Arabia respectively hold the top three positions in this regard. In that month, Pakistan imported $1.443 billion worth of goods from China.