Domestic Economy
0

Iran's Non-Oil Trade With Africa Exceeds $500m in 7 Months

Iran's Non-Oil Trade With Africa Exceeds $500m in 7 MonthsIran's Non-Oil Trade With Africa Exceeds $500m in 7 Months

Iran traded 1.43 million tons of non-oil commodities worth $517.78 million with Africa during the first seven months of the current fiscal year (March 21-Oct. 22) to register a 2.67% and 7.1% decline in tonnage and value respectively compared with last year’s corresponding period. 

Data released by the Islamic Republic of Iran Customs Administration show, Iran’s exports to Africa totaled 1.36 million tons worth $440.11 million during the period, indicating a 2.32% decrease in tonnage and 11.26% increase in value year-on-year. This is while imports stood at 70,953 tons worth $77.67 million, down both in tonnage and value by 8.96% and 52.03% respectively YOY. 

 

Related Stories

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