Iran reports more trade with neighbors
Iranian President Raisi has prioritized increasing regional trade in response to Iran's economic woes, achieving mixed results.
The Iranian government has reported a substantial increase in trade with its neighbors.
Iran’s Customs Administration spokesman Rouhollah Latifi said today that Iran’s trade exchanges with its neighbors from March to December 2021 were valued at 92 million tons in volume and more than $46.2 billion in cash. This constituted an increase of 13% in volume and 28% in monetary value from the year prior, the official Islamic Republic News Agency reported.
The time period corresponds with the Persian new year.
Iran is bordered by Turkmenistan, Afghanistan and Pakistan to the east; Azerbaijan, Armenia and Turkey to the north; and Iraq to the east.
