Iran's exports to China, India and Turkey decreased in the first quarter of 2023. Details are below;
• Turkey's official statistics agency announced that Iran's exports to Turkey decreased by 22% and fell to 450 million dollars.
• According to the Indian Ministry of Commerce and Industry, exports from Iran to India fell below $162 million, down 6%.
• According to the data announced by the Chinese customs statistics, in the first quarter of 2023, it decreased by 41% compared to the first quarter of 2022 and reached 2.9 billion dollars.
İmports from Iran are 2.9 billion dollars and this figure is less than 41% compared to the first quarter of 2022.
Due to the gas shortage in Iran, caused severely limits distribution of gas to the petrochemical sector and industries, which can in turn affect the amount of Iran's exports. In addition announced that urea and methanol exports decreased by 2.5 million tons.
Due to the decline in exports, the foreign exchange cost was 700 million dollars, causing a 20-25% decrease in the foreign exchange supply compared to April 2022.
According to the statements of Iran's market analysts and the CEO of Khouzestan Steel, Russia has disrupted the markets that Iran had created for itself during four decades of sanctions.
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