IRICA Registers Leap in Trade With Venezuela

Iran’s trade with Venezuela surged by 49% in terms of weight and 197% in value in the fiscal 2022-23 (ended March 20) compared with the year before, according to the Islamic Republic of Iran Customs Administration.
The value of trade increased by 507% in rial terms, with Iran’s exports to Venezuela accounting for the lion’s share.
Iran exported $118 million worth of goods to Venezuela last year, which makes the Latin American country the 30th trade partner of Iran during the period.
Exports to Venezuela grew by 49% in terms of weight and 416% in terms of value.