BRICS Account for a Third of Iran’s Foreign Trade Turnover

BRICS’ five member states, namely Brazil, Russia, India, China and South Africa, accounted for a third of Iran’s total foreign trade in the fiscal 2021-22, data released by the Islamic Republic of Iran Customs Administration show.
According to IRICA, Iran’s trade (excluding crude oil exports) with BRICS reached 47.61 million tons worth $33.71 billion in the last fiscal year (ended March 20, 2022), registering a 38.38% and 4.29% growth in weight and value respectively compared to the previous year.
In terms of value, China topped the list of Iran’s trade partners among BRICS group of countries with 32.71 million tons worth $27.07 billion, registering a 7.28% and 43.09% growth in terms of weight and value, respectively.
It was followed by India with 8.06 million tons (up 102.33%) worth $3.4 billion (up 116.09%), Russia with 4.92 million tons (down 49.83%) worth $2.24 billion (down 34.43%), Brazil with 1.36 million tons (up 9.76%) worth $737.77 million (up 83.49%) and South Africa with 554,571 tons (up 127.56%) worth $260.71 million (up 461.97%).