Tehran, Iran – Iran’s trade with BRICS member states reached 47.99 million tons worth $38.43 billion in fiscal 2022-23.
In fiscal 2022–23, Iran’s trade with the BRICS nations—Brazil, Russia, India, China, and South Africa—amounted to 47.99 million tonnes worth $38.43 billion, up 14 percent in value and 0.81 percent in weight, according to the most recent data made public by the Iran Customs Administration, which does not include crude oil exports.
China was Iran’s main trade partner among BRICS members with 35.55 million tons (up 8.71 percent) worth $30.32 billion (up 37.41 percent) of exchanges.
India came next with 7.3 million tons (down 9.38 percent) worth $4.99 billion (up 46.92 percent). It was followed by Russia with 4.04 million tons (down 17.81 percent) worth $2.32 billion (up 3.59 percent), Brazil with 483,486 tons (down 64.44 percent) worth $466.55 million (down 36.76 percent) and South Africa with 608,491 tons (up 9.72 percent) worth $322.04 million (up 23.52), the Financial Tribune reported.
Iran’s exports stood at 38.73 million tons worth $17.85 billion, registering a 2.43 percent and 4.02 percent increase in terms of weight and value respectively.