Economy, Business And Markets

Iran Exports to S. Korea Exceed $3 Billion

Exports to  S. Korea Exceed $3 Billion Exports to  S. Korea Exceed $3 Billion

Iran exported more than $3.03 billion worth of goods to South Korea during the nine months to Dec. 21, 2017, registering a 36% and 30% growth respectively compared with the corresponding period of last year, an official with the Trade Promotion Organization of Iran announced.

“The South Asian country was Iran’s fourth biggest export destination over the period. The main exported products from Iran to South Korea were furaldehyde (furfural), acrylonitrile-butadiene-styrene copolymer, gypsum, slack wax, white Portland cement, floorings and dates,” Mansoureh Zavvareiyan was quoted as saying by IRNA.

According to the official, goods worth close to $2.42 billion were imported from South Korea over the same period, indicating a 13% and 4% year-on-year decline respectively, which made South Korea the third biggest country from where Iran imported commodities.

South Korea is one of Iran’s main suppliers of auto and auto parts as well as machinery and equipment for refineries, power and petrochemical plants, as well as industrial units.

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