Domestic Economy
0

Neighbors Account for Half of Iran's Global Transactions

Iran’s exports to neighboring countries stood at 41.81 million tons worth $11 billion during the period and imports reached 8.59 million tons worth $8 billion
Neighbors Account for Half of Iran's Global Transactions
Neighbors Account for Half of Iran's Global Transactions

Iran traded 50.41 million tons of non-oil commodities worth over $19 billion with its 15 neighboring countries during the first seven months of the current fiscal year (March 20-Oct. 21), according to the head of Islamic Republic of Iran Customs Administration. 
“The neighboring states accounted for about half of Iran’s overall foreign trade,” IRNA quoted Mehdi Mirashrafi as saying. 
Iran’s exports to its neighbors stood at 41.81 million tons worth $11 billion during the period. 
Among neighboring states, Iraq was the top destination of Iranian products during the seven months with $4.5 billion worth of imports. 
The UAE and Turkey came next with $2.27 billion and $1.48 billion respectively. 

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com