The value of Iran’s export to India rose 91% in the first two months of 2023, as compared to the same period of time in 2022, according to the data released by the Indian Ministry of Commerce and Industry.
The Indian ministry put the worth of Iran’s exports to India at $134 million in January-February 2023, while the figure was $70 million in the same time span of 2023, IRIB reported.
India’s 2-month export to Iran fell 34 percent year on year.
The two countries’ value of trade dropped 13 percent to $358 million in the first two months of this year from $412 million in the first two months of the past year.
Based to the data previously released by the Indian Ministry of Commerce and Industry, the value of Iran’s export to India increased by 60 percent in 2022 as compared to the preceding year.
The Indian ministry put the worth of Iran’s exports to India at $653 million in 2022, while the figure was $409 million in 2021.
As reported, petroleum products have been the major goods imported by India from Iran in the said months. —Tehran Times
