TEHRAN- Iran exported commodities valued at $1.7 billion to India during the first nine months of the current Iranian calendar year (March 21-Decemebr 21, 2023), the head of the Islamic Republic of Iran Customs Administration (IRICA) announced.

According to Mohammad Rezvanifar, India was the fifth top export destination of Iranian products in the mentioned nine-month period.

Also, exporting commodities valued at $1.4 billion to Iran, India was Iran’s fifth source of imports in the first nine months of the present year, the IRICA head announced.

According to the data previously released by the Indian Ministry of Commerce and Industry, the value of Iran’s exports to India increased nine percent in the first seven months of 2023, as compared to the same period of time in 2022.

The Indian ministry put the worth of Iran’s exports to India at $393 million in January-August 2023, while the figure was $361 million in the same time span of 2022.

Petroleum products, raw materials for dye production, and various fruits were the top exported goods to India in the first seven months of 2023. India imported $156 million of petroleum products, $105 million of raw materials for the production of dyes, and $70 million of fruits from Iran during this period.

MA