Iran's trade with Africa was over $770 million in past 8 months: Data

2021-12-25 21:43:55
Iran's trade with Africa was over $770 million in past 8 months: Data

Trade between Iran and African countries stood at 1.73 million tons worth $773 million during the current Iranian year’s first eight months (March 21-Nov. 21).

Data released by Iran’s Customs Administration show Iran exported 1.69 million tons of goods worth $741.21 million to the African continent during the period while imports amounted to 38,831 tons worth $31.79 million.

Ghana, South Africa, Nigeria, Algeria and Kenya were Iran’s main trade partners during the period.

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

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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Tags: africa iran trade
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