Iran’s trade with Latin American states during the first nine months of the current fiscal year (March 21-Dec. 21) registered a 63.53% and 45.11% fall in terms of weight and value respectively compared with the corresponding period of last year, official data says.
A recent report by the Islamic Republic of Iran Customs Administration suggested that Iran traded 506,858 tons of goods (excluding crude oil exports) worth $506.35 million with Latin American countries during the eight-month period.
Iran exported goods to only 11 Latin American countries and imported from 10 of 33 countries in the region during the period.
Trade with Brazil stood at 434,336 tons (down 60.15%) worth over $380.17 million (down 26.8%), for the Latin American country to top the list of Iran’s partners in the region. It was followed by Argentina with 49,028 tons (down 81.25%) worth $84.71 million (down 76.29%) and Venezuela with 19,366 tons (down 40.46%) worth $24.24 million (down 32.94%).
Iran’s exports totaled 163,959 tons worth $97.87 million during the period under review, registering a 49.72% and a 28.75% fall in terms of weight and value, respectively.
Brazil topped the list of export destinations among Latin American states with 138,825 tons (down 52.43%) worth $71.13 million (down 37.93%). It was followed by Venezuela with 19,361 tons (down 40.22%) worth $23.54 million (up 23.7%) and Argentina with 4,910 tons worth $1.91 million.
Imports, which stood at 342,898 tons (down 67.65%) worth $408.47 million (down 47.97%) during the period under review, mainly came from Brazil and amounted to 295,510 tons (down 62.88%) worth $309.04 million (down 23.65%), Argentina with 44,117 tons (down 83.1%) worth $82.79 million (down 76.77%) and Cuba with 188 kilograms worth $11.85 million.
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.