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Iran’s Trade With Neighboring Countries Increased 11 Percent

The value of Iran’s trade exchanges with 15 neighboring states in the first eight months of the current Iranian calendar year (started on March 21) topped $38 billion, showing an 11.42 percent increase compared to the same period of last year.

Mohammad Rezvanifar, President of the Iranian Customs Administration stated that more than 63 million tons of products were exchanged between Iran and its neighbors in this period, showing a 17.21 percent hike compared to last year’s corresponding period, Tasnim News Agency reports.

“Of total trade exchanges, Iran exported more than $18 billion worth of products to the neighboring states and imported over $20 billion worth of non-oil products from these countries from March 21 to November 22, 2023,” Tasnim quoted Rezvanifar as saying.  

According to the source, he added that Iran’s import of products from its 15 neighbors has registered a 6.87 and 13.95 percent growth in weight and value respectively.

Source: Armenpress.am