Trade turnover between Iran and India increased by 53% in a year

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On August 15, India’s Commerce Ministry said the country’s trade with Iran increased by 53 percent to $1.4 billion in the first half of 2022. Iranian news agency reported IRNA.

The latest figures released by the Indian Ministry of Commerce show that the country’s trade with Iran was $1.373 billion in the first half of 2022. The data shows a 53 percent increase compared to the same period last year, when the countries’ trade turnover amounted to $897 million.

In the first half of 2022, India exported $1.038 billion worth of goods to Iran and imported $335 million worth of products.

Rice made up 60 percent of Iran’s imports from India, while the South Asian country mostly bought fruits and oil products from Iran.

Trade between Iran and India in the first half of 2022 almost equaled their total trade in 2021.

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