Economy, Domestic Economy
0

Iran-UK Trade Jumps 153%

Iran-UK Trade Jumps 153%Iran-UK Trade Jumps 153%

Iran traded $1.15 billion worth of non-oil goods with the UK during the last Iranian year (ended March 20, 2018), 153.82% more compared to the year before, making the European country Iran’s 14th biggest trading partner. As per the Islamic Republic of Iran Customs Administration’s data, Iran exported 17,952 tons of commodities worth $48.15 million to the UK last year, posting a 9.16% and 16.24% increase in tonnage and in value respectively year-on-year. The exports mainly included floorings, carpets and polyethylene compounds. The UK exported 3.04 million tons of goods worth $1.10 billion to Iran during the period under review, up 200.36% and 167.64% in tonnage and value respectively YOY. Iran mainly imported oilcake, field corn and soybeans, from the UK during the period.

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