Non-oil trade with the BRICS nations during the last fiscal (ended March 20) declined 8.68% in volume but increased 7.4% in value compared to the year before to stand at 53.82 million tons worth $29.08 billion, Financial Tribune’s data analysis based on the Islamic Republic of Iran Customs Administration’s statistics show.
BRICS is the acronym for an association of five major emerging national economies, namely Brazil, Russia, India, China and South Africa.
July 07, 2018 19:15
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Iran's Non-Oil Trade With BRICS Shows 7 Percent Growth
Iran exported 45.3 million tons of non-oil goods worth $12.16 billion to the five countries under review last year, registering a decrease of 5.89% in volume and increase of 5.44% in value, while imports stood at 8.48 million tons worth $16.92 billion dow
China was Iran’s biggest trading partner last year, not only among the five countries, but also in the world. The world’s second largest economy registered the highest value rise in trade with Iran among the BRICS
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