Decline in Iran's Trade With Brazil
Iran traded 200,905 tons of non-oil goods worth $46.34 million with Brazil during the first Iranian month (March 21-April 20) to register a 127% growth in tonnage and a 29.14% decrease in value compared with last year’s corresponding month, latest data released by the Islamic Republic of Iran Customs Administration show.
Brazil was Iran's 17th biggest trading partner during the month.
Iran’s exports to Brazil stood at 197,427 tons worth $32.28 million to register a 198,024% and 28,622% hike in tonnage and value respectively year-on-year.
Brazil was Iran’s 11th export destination in the world.
Iran exported urea and raisins to Brazil during the period.
Brazil exported 3,478 tons of commodities worth $14.05 million to Iran, down by 96.06% and 78.47% in tonnage and value respectively YOY. It was the 18th exporter of goods to Iran during the period.
Iran mainly imported orange juice, yarn and citrus fruits from Brazil.
source: Financial Tribune
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