Significant Decline in Trade With Latin American States

Iran traded 506,858 tons of goods (excluding crude oil exports) worth $506.35 million with Latin American countries during the first nine months of the current fiscal year (March 21-Dec. 21), registering a 63.53% and 45.11% fall in terms of weight and value respectively compared with the corresponding period of last year, latest data released by the Islamic Republic of Iran Customs Administration show.
Iran exported goods to only 11 Latin American countries and imported from 10 of 33 countries in the region during the period.
Trade with Brazil stood at 434,336 tons (down 60.15%) worth over $380.17 million (down 26.8%), for the Latin American country to top the list of Iran’s partners in the region. It was followed by Argentina with 49,028 tons (down 81.25%) worth $84.71 million (down 76.29%) and Venezuela with 19,366 tons (down 40.46%) worth $24.24 million (down 32.94%).