Trade With ECO Rises to $19.7b

Trade between Iran and the Economic Cooperation Organization’s member states reached 29.47 million tons worth $19.73 billion in the fiscal 2022-23, registering a 4.51% fall in terms of weight, but a 17.55% rise in value compared with the previous year’s corresponding period, latest data released by the Islamic Republic of Iran Customs Administration show.
Turkey was Iran’s main trade partner among the countries under review with 18.16 million tons (down 6.68%) worth $13.55 billion (up 19.07%). It was followed by Pakistan with 4.28 million tons (up 32%) worth $2.32 billion (up 48.18%) and Afghanistan with 3.4 million tons (down 18.02%) worth $1.66 billion (down 10.59%).
Iran’s exports to ECO members reached 24.77 million tons worth $12.42 billion in the fiscal 2022-23, registering a 6.23% decline in terms of weight, but a 14.5% year-on-year increase in terms of value.