Domestic Economy

23% Growth in Non-Oil Trade With Balkan States

Iran’s exports to Balkan states reached $96.94 million from March 21 to Dec. 21, indicating a 34.46% increase and imports were worth $44.26 million, up 3.7% year-on-year
23% Growth in Non-Oil Trade With Balkan States
23% Growth in Non-Oil Trade With Balkan States

Iran traded 112,669 tons of non-oil commodities worth $141.2 million with Balkan countries during the first nine months of the current fiscal year (March 21-Dec. 21) to register a 0.55% and 23.02% growth in tonnage and value respectively compared with last year’s corresponding period.
Latest data released by the Islamic Republic of Iran Customs Administration show Iran’s exports to the Balkan states totaled 95,488 tons worth $96.94 million during the period, indicating a 44.01% and 34.46% increase in tonnage and value respectively year-on-year. Imports stood at 17,181 tons worth $44.26 million, down in tonnage by 62.44% and up in value by 3.7% YOY.
Located in southeastern Europe, the Balkans, or the Balkan Peninsula is a geographic area in southeastern Europe with various disputed definitions. Six countries, namely Albania, Bulgaria, Bosnia and Herzegovina, Kosovo, Macedonia and Montenegro, are positioned entirely within the Balkans while more than 50% of land area of Croatia, Greece and Serbia are within the Balkans.


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