Economy, Domestic Economy
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Non-Oil Trade With Malaysia Rises 23%

Non-Oil Trade With Malaysia Rises 23% Non-Oil Trade With Malaysia Rises 23%

Iran traded $694.64 million worth of non-oil goods with Malaysia during the last Iranian year (ended March 20, 2018), which is 23.4% more compared to the year before, making the Southeast Asian nation Iran’s 25th biggest trading partner. As per the Islamic Republic of Iran Customs Administration's data, Iran exported 631,493 tons of commodities worth $204.98 million to Malaysia last year, posting an 87.15% and 136.48% growth in tonnage and value respectively year-on-year. The exports mainly included low-density oils, polyethylene and tar. Malaysia exported 435,163 tons of goods worth $489.65 million to Iran during the period, down 15.16% in tonnage and 2.82% in value respectively YOY. Iran mainly imported palm oil and natural rubber from Malaysia last year.

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