Iran's Q3 Trade With Neighbors Grows 18% to Over $12b

Iran’s trade with its 15 neighboring countries stood at 20.97 million tons worth $12.36 billion in the first quarter of the current fiscal year (March 21-June 21), registering an 18% year-on-year growth, according to Rouhollah Latifi, spokesman of the Islamic Republic of Iran Customs Administration.
Trade with neighboring countries accounted for 59% and 49% of Iran’s total trade in weight and value respectively during the three-month period, he added.
Total exports during the period hit 27.66 million tons worth $13.07 billion, of which 16.05 million tons worth $6.74 billion were exported to the neighboring countries, IRNA reported.
As a result, exports to neighbors accounted for 60% and 51% of total exports’ weight and value, respectively.