Economy, Domestic Economy

Q1 Exports to India Up, Imports Down

Q1 Exports to India Up, Imports DownQ1 Exports to India Up, Imports Down

Iran exported 2.2 million tons of non-oil goods valued at $775.3 million to India during the first quarter of the current Iranian year (started March 20), which indicates a 6.5% increase compared with the similar period of a year before, the Islamic Republic of Iran Customs Administration’s latest data show. Gas condensate, urea, bitumen, ethylene glycol, ammonia, ethanol and steel products were among the main exported commodities. Meanwhile, Iran also imported more than 436,500 tons of goods valued at $464.9 million from India during the same three-month period, which shows a 26.5% drop year-on-year. The main imported commodities included rice, steel products, iron ore, aluminum oxide, industrial machinery and tea.