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Report: Iran’s annual trade with Latin America stands at $945 million

Business Materials 25 August 2012 15:11
Trade between Iran and Latin American states is currently around $945 million, the ISNA News Agency reported.

Azerbaijan, Baku, Aug.25/ Trend F.Milad/

Trade between Iran and Latin American states is currently around $945 million, the ISNA News Agency reported.

Iran exported goods worth $172.8 million to Latin America, but imported $772.9 million from the continent, the Iranian Customs Administration said.

Venezuela, Mexico, Brazil, and Argentina were the major importers of Iranian goods, while Brazil, Argentina, Chile, and Uruguay were the main exporters to Iran.

Iran has recently made the plans to expand its markets in Latin America in the fields of car, mine, construction, and power plant.

The Iranian Trade Promotion Organization has set the target of $75 billion for non-oil exports in this calendar year, which ends on March 20, 2013.

The Customs Administration has announced that Iran had exported non-oil goods worth around $43.7 billion in the past calendar year and imported goods worth $61.8 billion, to hit the unprecedented mark of $105 billion in annual trade.

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