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Q1-3 Trade With OIC Hit $39.7b, Up 6.2% YOY: IRICA

Q1-3 Trade With OIC Hit $39.7b, Up 6.2% YOY: IRICA
Q1-3 Trade With OIC Hit $39.7b, Up 6.2% YOY: IRICA

Iran’s trade with member states of the Organization of Islamic Cooperation, excluding crude oil exports from the country, stood at 61.99 million tons worth $39.72 billion during the first three quarters of the current Iranian year (March 21-Dec. 21, 2022), registering a 17.65% fall in terms of weight, but a 6.22% rise in value compared to the corresponding period of last year, latest data released by the Islamic Republic of Iran Customs Administration show.

The UAE with 18.04 million tons (registering a 4.91% year-on-year rise) worth $17.42 billion (up 16.71%) was Iran’s top trade partners among OIC member states. It was followed by Turkey with 8.37 million tons (down 42.74%) worth $8.28 billion (up 5.75%) and Iraq with 15.02 million tons (down 40.79%) worth $5.39 billion (down 29.52%).

Iran’s exports to OIC stood at 47.51 million tons worth $19.91 billion during the period, registering 20.45% and 0.44% falls in weight and value respectively.

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