Iran traded 60.21 million tons of goods worth $38.51 billion, excluding crude oil exports, with the 15 neighboring countries sharing land or sea borders, during the first three quarters of the current Iranian year (March 21-Dec. 21), registering a 19.89% fall in terms of weight, but a 4.62% rise in terms of value year-on-year.
The latest data released by the Islamic Republic of Iran Customs Administration show the UAE was the main trade partner of Iran during the period with 18.04 million tons worth $17.42 billion. It was followed by Turkey with 8.37 million tons worth $8.28 billion and Iraq with 15.02 million tons worth $5.39 billion.
Exports stood at 44.54 million tons worth $18.42 billion during the nine months, registering a 22.29% and 1.78% decline in terms of weight and value, respectively.
Iraq was the biggest destination of Iranian exports during the period with 14.87 million tons of imports worth $5.24 billion (down 22.91%). It was followed by the UAE with 8.58 million tons worth $4.48 billion (up 30.62%) and Turkey with 5.7 million tons worth $3.82 billion (down 7.48%).
Imports reached 15.66 million tons worth $20.08 billion during the same period to register an 11.29% decline in terms of weight, but an 11.6% growth in terms of value YOY.
The UAE, with 9.46 million worth $12.94 billion (up 12.66%), was the biggest exporter to Iran followed by Turkey with 2.66 million tons worth $4.45 billion (up 20.53%) and Russia with 1.82 million tons worth $1.08 billion (down 11.1%).
The above figures on exports and imports show Iran registered $1.66 billion in trade deficit with its neighbors during the nine months to Dec. 21.
Iran traded 100.13 million tons of goods worth $51.87 billion with 15 neighboring countries during the last Iranian year (March 2021-22), according to Alireza Moqaddesi, the head of the Islamic Republic of Iran Customs Administration.
The tonnage and value of trade registered a 23% and 43% rise respectively compared to the preceding year.
Iran’s exports stood at 75.44 million tons worth $26.03 billion, registering a 12% and 29% rise in weight and value YOY, IRNA reported.
Iraq with $8.9 billion (up 21% YOY) topped the list of export destinations. It was followed by Turkey with $6.1 billion (up 141% YOY), the UAE with $4.9 billion (down 8% YOY), Afghanistan with $1.8 billion (down 20% YOY) and Pakistan with $1.3 billion (up 24% YOY).
The country’s top five export destinations were followed by Oman with $716 million (up 63% YOY), Russia with $579 million (up 15% YOY), Azerbaijan Republic with $565 million (up 11% YOY), Turkmenistan with $335 million (up 144% YOY), Armenia with $304 million (no significant YOY change), Kazakhstan with $187 million (up 11%YOY), Kuwait with $158 million (up 2% YOY), Qatar with $134 million (down 20% YOY), Bahrain with $10 million (up 15% YOY) and Saudi Arabia with $41,400.
As for imports, Iran shipped in 24.68 million tons of products worth $25.84 billion from its neighbors during the same period, indicating a 68% and 60% growth in tonnage and value respectively compared with the year before.
The UAE was the top exporter to Iran with $16.5 billion (up 69% YOY). It was followed by Turkey with $5.3 billion (up 20% YOY), Russia with $1.7 billion (up 54% YOY), Iraq with $1.2 billion (up a whopping 790% YOY) and Oman with $619 million (up 43% YOY), Pakistan with $312 million, Kazakhstan with $78 million, Azerbaijan Republic with $42.6 million, Turkmenistan with $33.3 million, Afghanistan with $21.1 million, Armenia with $20.2 million, Kuwait with $14.8 million, Qatar with $9.6 million and Bahrain with $1.5 million.
Trade with neighbors stood at $36.45 billion in the fiscal 2020-21, down from $40 billion in the preceding year. Iran’s exports totaled $20.35 billion in the fiscal 2021-22, indicating a $4 billion decrease in value year-on-year. Imports were at $16.09 billion, unchanged compared with the previous year.
