The official statistics of the ministry indicated that India’s trade exchanges with Iran from January to July 2023 reached $1.171 billion.
According to this report, India’s exports of products to Iran in the first seven months of the current year hit $778 million, showing a 37 percent decline compared to the same period last year.
This is while India had exported $1.243 billion worth of goods to Iran from January to July 2022.
India imported over $393 million worth of products from Iran in the first seven months of 2023, registering a nine percent hike compared to last year’s corresponding period.
India had imported $361 million worth of products from Iran between January and July 2022.
Rice, fresh fruits and tea were among the main products exported from India to Iran in this period.
In this timespan, India exported $539 million, $30 million and $18 million worth of rice, fresh fruits and tea to Iran respectively.
In return, Iran exported oil products, raw materials for producing paint and various types of fresh fruits to India from January to July 2023, the report added.