Trade With Latin America Declines

Iran traded 609,834 tons of goods (excluding oil exports) worth $628.51 million with Latin American countries during the first 11 months of last Iranian year (March 21, 2022-Feb. 19), registering a 60.65% and 43.88% year-on-year decline in terms of weight and value respectively, latest data released by the Islamic Republic of Iran Customs Administration show.
Iran exported goods to only 14 Latin American countries and imported from 11 of 33 Latin American countries during the period.
Trade with Brazil stood at 459,959 tons (down 61.34%) worth over $408.95 million (down 33.99%), for the Latin American country to top the list of Iran’s partners in the region. It was followed by Venezuela with 49,158 tons (down 84.92%) worth $115.23 million (down 81.36%) and Argentina with 49,085 tons (down 84.95%) worth $84.88 million (up 210.36).