Economy, Domestic Economy
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Iran's Trade With Taiwan Tops $1 Billion

Trade With Taiwan Tops $1 BillionTrade With Taiwan Tops $1 Billion

Iran traded $1.10 billion worth of non-oil goods with Taiwan in the last Iranian year (ended March 20, 2018)–8.64% more compared to the year before, making the East Asian country Iran’s 15th biggest trading partner. As per the Islamic Republic of Iran Customs Administration’s data, Iran exported 1.26 million tons of commodities worth $573.09 million to Taiwan last year, posting a 0.46% and 3.81% increase in tonnage and value respectively year-on-year. Iranian exports mainly included liquefied propane, metal, steel, low-density oils and aluminum ingot. Taiwan exported 217,633 tons of goods worth $534.38 million to Iran during the period, up 8.77% and 14.35% in tonnage and value respectively YOY. Iran mainly imported machinery related to paper industry from Taiwan during the period.

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