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A.M. Costa Rica, Costa Rica, Dec.4, 2009

Iran triples its Latin trade with emphasis on Brazil

By the A.M. Costa Rica staff

Iran's trade with Latin America tripled last year to $2.9 billion, according to an analysis by Latin Business Chronicle. The online business publication said that 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 the analysis of data from the International Monetary Fund, the publication said.

Total trade between Iran and Venezuela reached $51.8 million last year, a 30.8 percent increase, the publication said. That makes Venezuela Iran’s fifth-largest trade partner in Latin America, behind such countries as Argentina, Ecuador and Peru, it added. Venezuela is considered a political ally of Iran.




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