Iran Annual Trade With OIC Rises by 13 Percent to Over $59 Billion

Iran’s trade with member states of the Organization of Islamic Cooperation, excluding crude oil exports, reached 97.33 million tons worth $59.73 billion in the fiscal 2022-23 (ended March 20), registering a 2.8% fall in terms of weight, but a 13.56% rise in value compared with the corresponding period of last year.
Latest data released by the Islamic Republic of Iran Customs Administration also show that the UAE with 24.35 million tons (up 3.71%) worth $24.16 billion (up 12.57%) was Iran’s top trade partners among OIC member states. It was followed by Turkey with 18.16 million tons (down 6.68%) worth $13.55 billion (up 19.07%) and Iraq with 27.43 million tons (down 15.81%) worth $10.5 billion (up 3.84%).
Iran’s exports to OIC stood at 77.46 million tons worth $31.93 billion during the year, registering a 1.53% decline in terms of weight, but a 15.35% increase in terms of value.