Domestic Economy

Iran Emerging as Transit Hub

After seven years of decline in transit rates, more than 12.65 million tons of goods were transited from Iran in the fiscal 2021-22, registering a 68% rise compared with the previous year
Iran Emerging as Transit Hub
Iran Emerging as Transit Hub

A total of 2.56 million tons of foreign goods were transited through Iran during the current fiscal year’s first two months (March 21-May 21), registering a 39% rise compared with the similar period of last year, according to the spokesperson of the Islamic Republic of Iran Customs Administration.
“The top 10 customs terminals hosting transit goods during the period were Rajaee Special Economic Zone in Hormozgan Province with 811,000 tons, Parvizkhan in Kermanshah Province with 380,000 tons, Bashmaq in Kurdestan Province with 264,000 tons, Sarakhs in Khorasan Razavi Province with 220,000 tons, Bazargan in West Azarbaijan Province with 203,000 tons, Bileh Savar in Ardabil Province with 108,000 tons, Jolfa in East Azarbaijan Province with 95,000 tons, Lotfabad in Khorasan Razavi Province with 72,000 tons, Mirjaveh in Sistan-Baluchestan Province with 71,000 tons and Bandar Lengeh in Hormozgan Province with 63,000 tons,” Rouhollah Latifi was also quoted as saying by IRNA.
Iran reportedly earns $150 and $50 for each ton of transit goods via road and rail respectively. 


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