Economy, Domestic Economy

Iran's Trade Volume With Malaysia Hits 93%

Trade Volume With Malaysia Hits 93%
Trade Volume With Malaysia Hits 93%

Iran traded 303,607 tons of non-oil commodities worth $152.27 million with Malaysia during the first four months of the current fiscal year (March 21-July 22). This marks a 93.34% increase in tonnage and a 30.95% decrease in value compared with last year’s corresponding period, latest data released by the Islamic Republic of Iran Customs Administration show. Iran’s exports to Malaysia stood at 219,407 tons worth $57.60 million, up 103.71% and 26.98% in tonnage and value respectively year-on-year. Malaysia was Iran’s 24th export destination during the period. Iran mainly exported iron and steel ingot, semi-finished iron and steel products, tar and direct-reduced iron to Malaysia during the four-month period. Malaysia exported 84,200 tons of goods worth $94.66 million to Iran, down 46.38% and 45.95% in tonnage and value YOY. Malaysia was the 23rd exporter of goods to Iran over the four months. Imports mainly included palm oil, natural rubber and coal electrodes.


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