{"id":9862,"date":"2024-02-19T11:38:43","date_gmt":"2024-02-19T11:38:43","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=9862"},"modified":"2024-02-19T11:38:43","modified_gmt":"2024-02-19T11:38:43","slug":"value-of-irans-10-month-export-to-india-stands-at-1-8b","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/9862\/","title":{"rendered":"Value of Iran\u2019s 10-month export to India stands at $1.8b"},"content":{"rendered":"

RoydadNaft – <\/a><\/span>\u00a0Iran exported commodities valued at $1.8 billion to India during the first ten months of the current Iranian calendar year (March 21, 2023-January 20, 2024), the head of the Islamic Republic of Iran Customs Administration (IRICA) announced.<\/p>\n

According to Mohammad Rezvanifar, India was the fifth top export destination of Iranian products in the mentioned ten-month period.<\/p>\n

Also, exporting commodities valued at $1.6 billion to Iran, India was Iran\u2019s fifth source of imports in the first ten months of the present year, the IRICA head announced.<\/p>\n

As announced by India\u2019s Ministry of Commerce and Industry, the value of trade between Iran and India reached $1.836 billion in 2023.<\/p>\n

The trade exchange between the two countries declined by 26 percent in 2023 compared to its previous year, the figure was reported to be $2.499 billion in 2022.<\/p>\n

According to the Indian Ministry data, Iran exported commodities valued at $699 million to India during the past year, registering no significant change from 2022.<\/p>\n

Petroleum products were the top goods imported by India from Iran in 2023, and India imported $221 million worth of such products from Iran this year. The import of Iranian oil products by India in 2023 increased by 26 percent compared to the previous year.<\/p>\n

Raw materials for dye production and various fruits were also among the top exported goods to India in 2023.<\/p>\n

India’s exports to Iran in January-December 2023 experienced a 35 percent decrease and reached $1.187 billion. In the previous year, India had exported $1.847 billion worth of goods to Iran.<\/p>\n

Rice was the top export product of India to Iran in 2023. India’s rice exports to Iran decreased by 34 percent in 2023, falling from $1.98 billion in 2022 to $723 million.<\/p>\n

India’s tea export to Iran also declined by almost a third, from $86 million in 2022 to $30 million in 2023. The country\u2019s fruit exports to Iran however increased by 14 percent and reached $55 million and spice exports decreased by 28 percent to $15 million.<\/p>\n

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