Iran traded 247,879 tons of non-oil goods worth $284.98 million with Latin American countries during the first five months of the current fiscal year (March 21-Aug. 22), registering a 72.52% and 42.13% year-on-year decline in weight and value respectively, latest data released by the Islamic Republic of Iran Customs Administration show.
Iran exported goods to and imported from only 10 of 33 Latin American countries during the period.
Trade with Brazil stood at 185,138 tons worth over $182.66 million, for the Latin American country to top the list of Iran’s partners in the region, registering a 75.24% and a 38.44% decline in weight and value respectively.
It was followed by Argentina with 44,049 tons (down 66.81%) worth 82.64 million (down 48.3%) and Cuba with 140 kilograms (down 81.21%) worth over $11.56 million (up 1,255.84%).
Iran’s exports totaled 82,406 tons worth $37.99 million during the period under review to register a 68.29% and a 61.04% decline in weight and value, respectively.
Brazil topped the list of export destinations among Latin American nations with 65,071 tons (down 73.04%) worth $31.98 million (down 61.03%). It was followed by Venezuela with 16,743 tons (down 3.4%) worth $4.99 million (down 60.24%) and Chile with 102 tons (down 46.89%) worth $363,172 (up 33.59%).
Imports, which stood at 165,473 tons (down 74.23%) worth over $246.99 million (down 37.47%) during the period under review, mainly came from Brazil and amounted to 91,337 tons (down 76.28%) worth $88.81 million (down 29.81%), Argentina with 44,001 tons (down 66.77%) worth over $82.5 million (down 48.17%) and Cuba with 140 kilograms (down 81.21%) worth 11.57 million (up 1,255.84%).
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.