Iran’s exports to African nations surges 350% in last quarter

2021-07-19 16:34:20
Iran’s exports to African nations surges 350% in last quarter

Iran’s export of products to African countries in first three months of current year registered a 350% hike, according to Iranian trade officials.

Farzad Piltan, the director-General of Trade Promotion Organization of Iran (TPO)'s Office of Arabian and African Countries, made the remarks on Monday.

He stated that about 834,381 tons of non-oil goods, valued at $340 million, were exported to the continent from March 21 to June 21, showing a significant 350% growth as compared to the last year’s corresponding period.

Among other African countries, Ghana, Algeria, South Africa, Tanzania, and Nigeria stood at first to fifth places as Iran’s export target markets respectively, Piltan said.

He noted the easing of coronavirus restrictions and reestablishment of trade events between Iran and African states are of the most important reasons behind considerable increase of trade during the period.

Iran’s overall non-oil foreign trade in the first three months of the current year hit 38,379,000 tons, valued at $20.902 billion, he said.

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