Trade between Iran and Africa passes $200 million

2020-12-08 13:51:43
Trade between Iran and Africa passes $200 million

Iran traded 1 million tons of goods worth more than $200 million with African states during the first seven months of the current Iranian year (March 20-Octpber 21).

According to the spokesperson of the Islamic Republic of Iran Customs Administration, 959,848 tons of commodities worth more than $180 million were exported to 27 African countries during the period.

“Exports included dairy products, dates, plaster and cement, carbon, metal sheets, glass, iron bars, aluminum, flowers for use in perfumery, licorice extract, medical equipment and oilseeds,” Rouhollah Latifi was also quoted as saying by IRNA.

Iran’s main export destinations in the African continent were Ghana with $52.81 million, Cameroon with $22.85 million and Kenya with $21.26 million.

Ivory Coast, Djibouti, Algeria, Egypt, Guinea, Libya, Morocco, Mali, Macao, Mauritania, Mauritius, Mozambique, Nigeria, Sudan, Senegal, Somalia, Togo, Tanzania, Uganda, South Africa, Zambia, Ethiopia, Tunisia and Rwanda were other customers of Iranian goods.

Import from African countries over the same period amounted to 8,299 tons worth $20.39 million.

Different types of seeds, vegetable oils, chlorine and washing liquid essence, industrial vehicle spare parts, clutch pedal pads, packaging containers, medical equipment, sesame seeds, tobacco and industrial sheets were Iran’s main imported products.

Zimbabwe with more than $5.75 million, Ghana with $5.55 million and South Africa with $3.06 million worth of exports were the main African exporters to Iran during the seven months under review.

With 54 countries, Africa is the second largest continent with a population of around 1.3 billion. It has a higher economic growth compared to the world average.

Although it accounts for less than 3% of the annual global trade, the continent offers Iran ample ground for bilateral trade.

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