India was Iran’s fourth largest trading partner during the period, after China, the UAE and Turkey, respectively, IRNA reported.
Iran’s exports to India stood at 747,511 tons of goods, worth $116.72 million, to register a 15.93 percent and 46.78 percent of decline in terms of weight and value, respectively, year-on-year.
India was Iran’s seventh export destination in the world.
Iran exported methanol, ethylene glycol and bitumen to India during the month.
India exported 350,348 tons of commodities worth $323.27 million to Iran, up by 340.98 percent and 212.65 percent in terms of weight and value, respectively, year-on-year. It was the fourth exporter of goods to Iran during the month under review.
Iran mainly imported semi- and wholly-milled rice, sugar, oilcake, aluminum oxide, tea and graphite electrodes used in furnaces from India.
Major products of India facing high tariffs are basmati rice (45 percent), black tea (30 percent), motorcycles (65 percent), textiles (65 percent), glass microspheres (45 percent), pneumatic rubber tires (30 percent), polyester yarn (40 percent) and woven fabrics (70 percent).