Economy, Domestic Economy
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Trade With Japan Sees 35% Decline

Trade With Japan Sees 35% DeclineTrade With Japan Sees 35% Decline

Iran traded $1.09 billion worth of non-oil goods with Japan in the last Iranian year (ended March 20, 2018), 35.15% less compared to the year before, making the East Asian country Iran’s 16th biggest trading partner. As per the Islamic Republic of Iran Customs Administration’s data, Iran exported 982,358 tons of commodities worth $425.21 million to Japan last year, posting a 65.63% and 62.65% decline in tonnage and value respectively year-on-year. The exports mainly included gas condensates, methanol, flooring and carpet. Japan exported 131,992 tons of goods worth $667.48 million to Iran during the period under review, up 56.45% and 22.13% in tonnage and value respectively YOY. Iran mainly imported vehicles and auto parts from Japan.

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