Domestic Economy
0

Iranian Port Operations Down 22%

The decline in throughput comes amid punishing economic sanctions imposed by the US against Iran, the effects of which have been further complicated by the worldwide coronavirus outbreak and the subsequent downfall in global trade
Iranian Port Operations Down 22%
Iranian Port Operations Down 22%

Iran’s 21 major ports loaded and unloaded a total of 9.28 million tons of commodities in the first month of the current Iranian year (March 20-April 19) to register a 22.09% decline compared with the corresponding period of last year.
The decline in throughput comes amid punishing economic sanctions imposed by the US against Iran, the effects of which have been further complicated by the worldwide outbreak of the novel coronavirus and the subsequent downfall in global trade.
According to figures published in the Ports and Maritime Organization of Iran's website, non-oil goods accounted for 6.09 million tons of the total throughput, showing a 27.59% decrease year-on-year. 
The remaining 3.18 million tons pertained to oil products, indicating an 8.87% decline YOY.

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com