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Iran's Non-Oil Trade With Latin America Crosses $800m in Fiscal 2018-19

Iran’s exports to Latin American states stood at $27.17 million in the last fiscal year (ended March 20, 2019), indicating a 61.19% decrease, as imports were worth $789.58 million, down 27.88% year-on-year
Iran's Non-Oil Trade With Latin America Crosses $800m in Fiscal 2018-19Iran's Non-Oil Trade With Latin America Crosses $800m in Fiscal 2018-19

Iran traded 1.1 million tons of non-oil commodities worth $816.76 million with Latin American countries in the last fiscal year (ended March 20, 2019) to register a 22.28% and 29.88% decline in tonnage and value respectively compared to the year before.
Latest data released by the Islamic Republic of Iran Customs Administration show Iran’s exports totaled 43,491 tons worth $27.17 million during the year, indicating a 78.78% and 61.19% reduction in tonnage and value respectively year-on-year.
Imports stood at 1.06 million tons worth $789.58 million, down 12.76% and 27.88% in tonnage and value respectively YOY.
Latin America is a group of 20 countries and 13 dependencies in the Western Hemisphere where Romance languages such as Spanish, French and Portuguese are predominantly spoken. The region covers an area stretching from the northern border of Mexico to the southern tip of South America, including the Caribbean. It is spread over approximately 19,197,000 square kilometers, almost 13% of the Earth's land surface area.

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