Iranian exports to South Africa rise 450% in past 2 months

2021-06-19 17:15:09
Iranian exports to South Africa rise 450% in past 2 months

Iran's exports to South Africa were worth $32 million in the first two months of the Iranian calendar, a 451 percent increase over the same period last year, trade statistics show.

During the same period, over 100 tons of goods worth $0.4 million were imported from South Africa, aT

The major exports to South Africa in the first two months of this year included urea worth $ 26.7 million and sulfur worth $ 4.6 million.

Iran plans to expand trade with Africa

Iran plans to make use of government agencies, private sector and international institutions to expand with trade with Africa.

Iran exported $642 million worth of commodities to Africa from 2018 to 2019, and imported goods worth $16 million from Africa in return, according to trade data.

Experts say trade and economic cooperation between Iran and African nations are far less than the capacities and mutual interests of the two sides.

They say the main obstacles for trade between Iran and Africa is the lack of direct sea and air transportation infrastructures, high marketing and transportation costs.

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