Jan 13, 2022, 4:29 PM
Journalist ID: 1195
News Code: 84612192
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Iran’s trade with neighbors up 42% in value

Tehran, IRNA – Iran’s business transaction with 15 neighboring countries in the last nine months has increased year-on-year (YOY) 18 percent in weight and 42 percent in value, Head of the Islamic Republic of Iran Customs Administration (IRICA) said on Thursday.

Alireza Moqaddasi said that expanding political and economic ties with neighbor countries was a key policy in President Ebrahim Raisi's administration that took office in August.

Iran’s foreign trade was $72.87 billion worth of 122,455,000 tons of goods in the last nine months, from which 75.17 million tons worth $36.81 billion were allocated to neighbors, as said by Moqaddasi.

In this period, according to the official, Iran has exported over 57,335,000 tons of goods to the neighboring countries with a value of $18.766 billion which indicated a 9 percent growth in weight and 24 percent in value year-on-year.

He also said that Iran has imported 17,682,000 tons of goods worth over $18 billion from neighbors in the same period which shows 62 percent increase in weight and 68 percent in value, compared to the last year's corresponding period.

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