Domestic Economy, Business And Markets

Iran's Trade With Japan Surpasses $400m

Iran traded 343,170 tons of non-oil commodities worth $408.18 million with Japan during the first five months of the current fiscal year (March 21-Aug. 22).

This registers a 42.34% and 12.73% decline in tonnage and value respectively compared with last year's corresponding period, latest data released by the Islamic Republic of Iran Customs Administration show.

Iran’s exports to Japan stood at 290,056 tons worth $155.19 million, down 46.08% and 30.25% in tonnage and value respectively year-on-year. Japan was Iran’s 14th major export destination during the period.

Iran mainly exported gas condensates, methanol and floorings to Japan during the five-month period.

Japan exported 53,113 tons of goods worth $252.98 million to Iran, down 7.19% in tonnage and up 3.16% in value YOY. Japan was the 15th major exporter of goods to Iran over the five months.

The imports mainly included auto parts, pipes and turbojet parts.

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