Iran's Exports to Syria Halved

Abdul Amir Rabihavi, the Director General of West Asia at the Trade Development Organization, announced a 50% decrease in exports to Syria. According to the 'Economic Ninety' channel, he stated that Iran's exports to this country were $244 million last year, which has dropped to $120 million this year. In recent years, there have been multiple reports in Iranian media indicating a decline in exports to Syria, despite repeated promises from Islamic Republic officials to increase exports to that country. Iran's exports this year are on the verge of breaking a record negative balance, as the head of the Non-Oil Export Development Commission of the Iran Chamber reported that in the first 11 months of the year 1402, exports were approximately $44.8 billion and imports were $59 billion, resulting in a $15 billion trade imbalance. The 'Donyaye Eghtesad' newspaper reported on March 5, citing Mohammad Lahouti, that this is the largest negative balance between exports and imports in the past decade. Previously, Ehsan Khandozi, the Minister of Economy of the Islamic Republic, reacted to the decline in Iranian exports and the negative trade balance by stating that due to international events, the value of our exported goods has decreased compared to the past. He added that the value of exported goods such as petrochemical and steel products has decreased compared to last year. The Islamic Republic's pursuit of controversial policies in the nuclear energy sector and support for its proxy groups in various countries has led to widespread sanctions against Iran, negatively impacting both oil and non-oil trade and exports. A warning from a parliamentary representative: Turkey is taking Iran's share in the Iraqi market. A newspaper's account of 'statistical gaps' in Iran's foreign trade; the economy trapped in sanctions.