Saturday, May 25

Iran-India trade turnover grew significantly in January-February

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Trade turnover between Iran and India grew by 5 per cent in the first two months of 2024 compared to the same period last year to $377 million (34.6 billion rubles). This was reported by Tehran Times, citing data from India’s Ministry of Commerce and Industry.

In January and February 2024, India’s exports to Iran rose by 20 per cent to $269 million (24.6 billion rubles). But the South Asian country’s imports from Iran fell 19 per cent to $108 million (9.9 billion rubles) in the two months.

Iran’s main imports from India in the first two months of this year were rice, fruits and oilseed cake. India, on the other hand, imported mainly fruits, raw materials for the production of paints and petroleum products from Iran.

According to Iran’s Trade Promotion Organisation (TPO), the republic exported $2.217 billion (203.09 billion rubles) worth of goods to India during the last Iranian calendar year (ended March 19).



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