Iran has exported as much as $2.217 billion worth of goods to India during the past Iranian calendar year to late March, according to an official with Iran’s Trade Promotion Organization (TPO).
Hadi Talebian Moghaddam, the director of TPO department for Indian Subcontinent Affairs, said on Sunday that the figure shows a 2% increase in comparison to $2.175 billion reported in 2022.
Noting that Iran’s balance of trade with India turned positive last year, he put Iran’s last year imports from India at $1.916 billion.
The official added that Iran’s 2023 imports from India is down 35% when compared to $2.942 billion of imports in 2022.
India’s Ministry of Commerce and Industry recently issued a report which put the country’s trade exchanges with Iran in January at over $200 million.
The figure is up 3% in comparison to that of January 2023 when bilateral exchanges stood at $197 million.