Iran traded 655,526 tons of goods (excluding oil) worth $732.59 million with Latin American countries in the fiscal 2022-23 (ended March 20), registering a 62.06% and 41.21% fall in terms of weight and value respectively, latest data released by the Islamic Republic of Iran Customs Administration show.
Iran exported goods to only 15 Latin American countries and imported from 11 of 33 Latin American countries during the period.
Trade with Brazil stood at 483,486 tons (down 64.51%) worth over $466.55 million (down 36.76%), for the Latin American country to top the list of Iran’s partners in the region. It was followed by Argentina with 71,085 tons (down 78.16%) worth $126.6 million (down 78.16%) and Venezuela with 49,175 tons (up 49.56%) worth $118.91 million (up 197.09%).
Iran’s exports totaled 241,421 tons worth $195.32 million in the year under review to register a 45.35% and a 7.79% decline in terms of weight and value year-on-year, respectively.
Venezuela topped the list of export destinations among Latin American states with 49,167 tons (up 50.18%) worth $118.1 million (up 415.76%). It was followed by Brazil with 139,039 tons (down 65.8%) worth $71.87 million (down 60.7%) and Argentina with 4,967 tons (up 723.25%) worth $2.05 million (up 59.2%).
Imports, which stood at 414,105 tons worth $537.27 million during the period under review, mainly came from Brazil and amounted to 344,446 tons (down 63.95%) worth $394.68 million (down 28.86%). Argentina followed with 66,117 tons (down 79.65%) worth $124.54 million (down 72.58%) and Cuba with 188 kilograms (down 75.3%) worth $11.85 million (up 1,289%).
Iran traded 1.73 million tons of non-oil goods worth $1.25 billion with Latin American countries in the fiscal 2021-2.
Trade with Brazil reached 1.36 million tons worth $737.77 million.