Iran's Trade With Latin America Declines by 42% YOY During Five Months

Iran traded 247,879 tons of non-oil goods worth $284.98 million with Latin American countries during the first five months of the current fiscal year (March 21-Aug. 22), registering a 72.52% and 42.13% year-on-year decline in weight and value respectively, latest data released by the Islamic Republic of Iran Customs Administration show.
Iran exported goods to and imported from only 10 of 33 Latin American countries during the period.
Trade with Brazil stood at 185,138 tons worth over $182.66 million, for the Latin American country to top the list of Iran’s partners in the region, registering a 75.24% and a 38.44% decline in weight and value respectively.
It was followed by Argentina with 44,049 tons (down 66.81%) worth 82.64 million (down 48.3%) and Cuba with 140 kilograms (down 81.21%) worth over $11.56 million (up 1,255.84%).