Iran-India Trade Hits about $1.3 bln in 9-Month Period

India’s Ministry of Commerce and Industry in its latest report said Tehran and New Delhi exchanged about $1.3 billion of products in the first nine months of 2023 (January-September).

News ID: ۸۱۰۴۸۷

27 November 2023

The ministry put the value of trade exchanges between the two countries at $1.324 billion, showing a 33 percent down compared to the same period last year.

Iran and India trade exchanges exceeded $1.983 billion from January to September 2022, the report added.

India exported $859 million worth of products to Iran from January to September 2023, registering a 43 percent decline compared to the same period last year.

India had exported $1.510 billion worth of products to Iran from January to September 2022.

According to the ministry, India imported $465 million worth of products from Iran between January and September 2023.

This Asian country had imported $473 million worth of products from Iran from January to September 2022.

Oil products were the major products imported by India from Iran in this period reaching $179 million. / Tasnim