Trade With Neighbors Accounts for 50% of Total Commercial Exchanges

Iran’s export to its 15 neighboring countries accounted for 50.4% of its total exports in value during the first four months of the current fiscal year (March 21-July 22), according to the director general of Trade Promotion Organization of Iran's Arab and African Affairs Department.
“Exports to 15 neighboring countries stood at 22.29 million tons worth $7.25 billion during the period, registering a 26% and 42% growth in weight and value respectively year-on-year,” Farzad Piltan was quoted as saying by Mehr News Agency.
Iran’s trade with neighboring countries stood at $14.35 billion during the period, according to the latest data released by the Islamic Republic of Iran Customs Administration.
Iraq with $2.82 billion and a share of 19.6% from the total value of exports to neighbors, the UAE with $1.63 billion and an 11.3% share, Turkey with $923.39 million and 6.4%, Afghanistan with $728.46 million and 5.1% and Pakistan with $341.39 million and 2.4% were the top five exports destinations among neighbors.
Total imports from neighboring countries in the four-month period hit $7.1 billion.