Latin America: Iran Trade Triples
Latin Business Chronicle / Latin Business Chronicle
02-Dec-2009 (2 comments)

Brazil is Iran’s top partner in Latin America, with Argentina and Ecuador trailing close behind.
Last week’s visit to Brazil by Iran’s president Mahmoud Ahmadinejad caused controversy, but made sense for the Iranian leader.Brazil is Iran’s largest trade partner in Latin America and the top Latin American exporter to Iran, according to a Latin Business Chronicle analysis of data from the International Monetary Fund (IMF).

The analysis also shows that Iran’s trade with Latin America tripled last year to $2.9 billion. Brazil’s trade with Iran reached $1.3 billion last year. That was a 88 percent increase from 2007, according to the IMF data. However, during Ahmadinejad’s visit Brazilian officials said two-way trade in 2007 stood at $2 billion. Neither Brazil nor has released detailed trade data on their two-way trade for 2007 or 2008.

>>>
recommended by Shah Ghollam

Balatarin
Share/Save/Bookmark

 
anonymous111.2

yeah....

by anonymous111.2 on Wed Dec 02, 2009 02:55 PM PST

another way to waste Iran's money on low quality junk that no other nation buys...


  •  
No Fear

Good on Iran ...

by No Fear on Wed Dec 02, 2009 12:15 PM PST

latin America is the new emerging economies and Iran's attempt to expand relations with these countries are both for economical reasons as well as political.

We might be facing more sanctions and fewer european countries will be willing to trade with Iran. It is only natural to form new alliances with other countries. It makes perfect sense.


  •