INSUBCONTINENT EXCLUSIVE:
TEHRAN- In recent years, the economic relationships between Iran and its neighboring countries have grown in both complexity and
considering the geopolitical challenges that the country faces.In this article, we will explore the current state and future prospects of
According to reports, non-oil trade volumes reached $55.3 billion in the first 11 months of the year, with exports constituting 67 million
tons of goods valued at $25.8 billion and imports amounting to 21.4 million tons valued at $29.4 billion
This represents a significant increase in trade flows, driven by an increase in exports of petrochemical products, minerals, and
destinations for Iranian goods
The major exports to Iraq include petrochemicals, cement, and agricultural products, while imports primarily consist of machinery and food
items.Turkey has also maintained its position as a key trading partner, with trade between the two countries amounting to $9.9 billion in
Iranian exports to Turkey largely consist of natural gas and petroleum products, while imports from Turkey are diverse, including electrical
in the trade of goods and services
This advantageous position allows Iran to serve as a key transit hub for goods moving between Central Asia, the Caucasus, and West Asia
In particular, the development of international transport corridors, such as the North-South Transport Corridor (INSTC), which links Iran
zones, such as the Lamerd Free Trade Zone, has created new opportunities for businesses to engage in regional trade
This diversification of trade routes and infrastructure investment is expected to foster deeper economic ties with countries in the Persian
has focused on expanding its non-oil exports, particularly to its neighbors
push for stronger trade relations with Central Asia, Russia, and even countries like Oman and Turkmenistan, is driven by the need for
economic diversification and the potential to access new markets
a key player in the regional economy
However, the ongoing challenges of sanctions and geopolitical tensions remain factors to consider as Iran continues to navigate its path
toward economic diversification
If these trade relationships continue to strengthen, Iran could significantly enhance its role as a regional economic hub, ensuring
initiatives, Mehr News Agency, December 2024.
