The latest data released by the Islamic Republic of Iran Customs Administration show that Brazil is Iran’s top trade partner in Latin America.
The report suggests that Iran traded 5,585 tons of non-oil goods worth $12.75 million with Latin American countries in the first month of the current fiscal year (March 21-April 20).
Iran exported goods to only four Latin American countries and imported from three out of 33 Latin American countries during the period.
Trade with Brazil stood at 5,329 tons worth $12.26 million, for the Latin American country to top the list of Iran’s partners in the region. It was followed by Venezuela with 38 tons worth $158,605 and Colombia with 129 tons worth $121,645.
Iran’s exports totaled 226 tons worth $521,087 during the period under review.
Brazil was the biggest export destination among Latin American nations with 57 tons worth $240,373. It was followed by Venezuela with 38 tons worth $158,605 and Colombia with 129 tons worth $121,645.
Imports, which stood at 5,359 tons worth $12.23 million during the period, mainly came from Brazil with 5,271 tons worth $12.02 million, Mexico with 87 tons worth $151,647 and Argentina with a ton worth $55,999.
Iran traded 1.73 million tons of non-oil goods worth $1.25 billion with Latin American countries in the fiscal 2021-22.
Trade with Brazil stood at 1.36 million tons worth $737.77 million.