BAKU, Azerbaijan, April 10. Iran recorded a notable increase of 21 percent in value and 15 percent in weight in non-oil trade with its neighboring countries in the past Iranian year (from March 20, 2024, through March 20, 2025) compared to the previous year (from March 21, 2023, through March 19, 2024), Trend reports, citing the Iranian Customs Administration.
The nation’s total trade volume with 15 neighboring countries, both by land and by sea, hit the scales at 113 million tons, raking in over $74.3 billion.
The biggest players in the trade game were the UAE, raking in a whopping $29.2 billion, followed closely by Türkiye at $19.3 billion, with Iraq trailing behind at $12.5 billion. Pakistan chipped in with $3.12 billion, while Afghanistan rounded out the pack with $2.48 billion.
Specifically, Iran's non-oil exports to neighboring countries reached nearly 89.4 million tons worth around $36 billion, reflecting a 26 percent rise in value and a 22 percent increase in volume compared to the previous year.
In contrast, imports from neighboring countries stood at approximately 23.4 million tons worth over $38.3 billion. While the volume remained largely unchanged, the value of imports dropped by 17 percent compared to the previous year.
To note, the report of the Iranian Customs Administration shows that Iran exported 152 million tons of non-oil products worth $57.8 billion during the last Iranian year, meaning a year-on-year growth of 15.6 percent in value and 10 percent in weight.
The report of the Iranian Customs Administration also shows that Iran imported 39.3 million tons of non-oil products worth $72.3 billion during the last Iranian year, meaning a growth of 15.6 percent in value and a decrease of one percent in weight compared to the previous year (from March 21, 2023, through March 19, 2024).
---------
Follow the author on X: @BaghishovElnur