Iran’s trade with India fell by 19.67% during the first four months of 2023 compared with the same period of last year to stand at $702 million, latest data released by the Indian Ministry of Commerce and Industry show.
Iran’s exports stood at $257 million during the period, registering a 5.32% year-on-year growth.
The exported goods mainly included petroleum products worth $95 million, dye intermediates worth $63 million and fresh fruit worth $57 million.
Iran’s imports from India during the period stood at $445 million, registering a year-on-year fall of 29.36%.
The imports mainly included rice worth $295 million, fresh fruit worth $19 million, tea worth $14 million and organic chemicals worth $12 million.
Bilateral trade grew around 48% in 2022 compared with the year before to stand at $2.5 billion with Iran’s exports standing at $653 million, registering a 59.57% rise compared with the previous year. Iran’s imports from India stood at $1.84 billion last year, registering a year-on-year rise of 43.86%.