Iran’s trade with neighbors hits $20 bn in four months
Iran’s trade with 15 neighboring states in the first four months of the current Iranian calendar year (March 21 to July 22, 2024) reached $20 billion, showing a six-percent growth compared to the same period last year.
The volume of the trade exchanges between Iran and 15 neighboring countries in the four months hit 34.196 million tons, registering a five-percent boost compared to last year’s corresponding period, Mehr News Agency reported.
In that period, Iran exported $10.642 billion worth of products to the 15 neighboring states and in return, the country imported $9.179 billion worth of products from the neighboring countries.
Iran’s export of products to the neighboring countries between March 21 to July 22, 2024, registered a 16 and 6 percent growth in value and weight, respectively compared to the last year’s corresponding period.
The country’s balance of trade with 15 neighboring states with oil included stood at $1.5 billion plus.