Neighbors account for more than a half of Iran’s annual trade

Iran traded 96.76 million tons of goods worth $58.84 billion, excluding crude oil exports, with 15 neighboring countries sharing land or sea borders in the last Iranian year that ended on March 20, 2023.

23 April 2023
ID : 44624
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Iran traded 96.76 million tons of goods worth $58.84 billion, excluding crude oil exports, with 15 neighboring countries sharing land or sea borders in the last Iranian year that ended on March 20, 2023.

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

Iran traded 96.76 million tons of goods worth $58.84 billion, excluding crude oil exports, with 15 neighboring countries sharing land or sea borders in the last Iranian year that ended on March 20, 2023.

This accounted for over 60% of tonnage and 52% of value of Iran’s total trade with other countries, new data released by the Islamic Republic of Iran Customs Administration show.

The trade figures registered a 3.35% decrease in terms of weight, but a 13.45% rise in value compared to the year before.

The UAE was the main trade partner of Iran among its neighbors during the period with 24.35 million tons (up 3.71%) of exchanged goods worth $24.16 billion (up 12.57%). It was followed by Turkey with 18.16 million tons (down 6.68%) worth $13.55 billion (up 19.07%) and Iraq with 27.23 million tons (down 16.41%) worth $10.24 billion (up 1.26%).

Iran’s exports to its neighbors stood at 75.18 million tons worth $30.53 billion, unchanged in terms of weight, but marking a 17.36% rise in value year-on-year.

Iraq was the biggest destination of Iranian exports during the period with 27.23 million tons (down 8.85%) of imports worth $10.23 billion (up 14.82%). It was followed by Turkey with 14.63 million tons (down 7.01%) worth $7.45 billion (up 22.53%) and the UAE with 11.2 million tons (up 4.15%) worth $5.76 billion (up 17.01%).

Imports stood at 21.58 million tons worth $28.3 billion to register a 12.56% decline in weight, but a 9.51% growth in value.

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