Iran's trade exchanges with its 15 neighboring countries increased by 2.5% in 11 calendar months leading to February 19 to hit $55.2 billion, the director general of Iran's Customs Administration announced.
Iran has exported a total of $25.8 billion to its neighboring countries while importing an aggregate $29.4 billion from them in the period under review, Mohammad Rezvanifar said.
He pointed out that Iran's March 2023-February 2024 exports to neighboring countries decreased by 3% in terms of weight and 9% in terms of value compared to figures reported in last year’s corresponding period.
The country’s imports from neighbors registered 11% and 15% year-on-year increases in terms of weight and value respectively, the official said.
He added that during this period, the value of Iran's exports to eight neighboring countries decreased while it showed an increase to seven other neighboring countries during the same period.
Rezvanifar pointed out that the value of Iran's exports to Iraq, Turkey, the Republic of Azerbaijan, Turkmenistan, Armenia, Kuwait, Qatar and Saudi Arabia decreased and to the United Arab Emirates, Pakistan, Afghanistan, Oman, Russian Federation, Kazakhstan and Bahrain increased.