Iran’s trade with Venezuela surges by 49%

The value of trade increased by 507% in rial terms, with Iran’s exports to Venezuela accounting for the lion’s share.

Iran exported $118 million worth of goods to Venezuela last year, which makes the Latin American country the 30th trade partner of Iran during the period, Finacial Tribune reported.

Exports to Venezuela grew by 49% in terms of weight and 416% in terms of value.

MNA/PR