Iran trades $48.7 billion worth of goods with neighbors in 10 months

Iran traded 81.19 million tons of goods worth $48.74 billion, excluding crude oil exports, with its 15 neighboring countries sharing land or sea borders, in the first ten months of the current calendar year (March 21, 2022 - January 20, 2023).

5 February 2023
ID : 44444
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Iran traded 81.19 million tons of goods worth $48.74 billion, excluding crude oil exports, with its 15 neighboring countries sharing land or sea borders, in the first ten months of the current calendar year (March 21, 2022 - January 20, 2023).

An undated photo shows a freight ship nearing Shahid Rajaei Port in southern Iran.

Iran traded 81.19 million tons of goods worth $48.74 billion, excluding crude oil exports, with its 15 neighboring countries sharing land or sea borders, in the first ten months of the current calendar year (March 21, 2022 - January 20, 2023). 

The figures registered 1.16% and 19.94% year-on-year rises in terms of tonnage and value respectively, new data released by the Islamic Republic of Iran Customs Administration show.

The UAE was the main trade partner of Iran during the period with 20.27 million tons (up 5.48%) of exchanged goods worth $19.77 billion (up 17.42%). It was followed by Turkey with 15.89 million tons (up 3.94%) worth $11.69 billion (up 33.52%) and Iraq with 24.33 million tons (down 9.97%) worth $9.08 billion (up 10.47%).

Iran’s exports to its neighbors stood at 63.28 million tons worth $25.73 billion, registering 4.45% and 26.57% rises in weight and value respectively.

Iraq was the biggest destination of Iranian exports during the period with 24.21 million tons (down 3.27%) of imports worth $8.92 billion (up 22.45%). It was followed by Turkey with 12.86 million tons (up 6.55%) worth $6.61 billion (up 45.95%) and the UAE with 9.26 million tons (up 2.63%) worth $4.82 billion (up 26.91%).

Imports stood at 17.9 million tons worth $23.01 billion to register 8.94% decline in weight, but 13.31% growth in value.

The UAE, with 11 million tons (up 8.01%) worth $14.95 billion (up 14.66%), was the biggest exporter to Iran followed by Turkey with 3.03 million tons (down 5.83%) worth $5.08 billion (up 20.2%) and Russia with 1.98 million tons (down 33.71%) worth $1.19 billion (down 9.81%).

The above figures on exports and imports show Iran registered $2.71 billion in trade surplus with its neighbors during the period.

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