Iran exports to South Africa increased 500% last year: Data

2022-04-19 15:27:46
Iran exports to South Africa increased 500% last year: Data

Iran’s export of non-oil products to South Africa in previous Iranian calendar year registered a dramatic 500% hike, according to a senior trade official.

Head of Trade Promotion Organization of Iran (TPOI), Alireza Peyman-Pak, made the remarks on Monday and emphasized that country’s exports to South Africa in previous year showed a considerable growth as compared to the last year’s corresponding period.

He put the value of Iran’s export of products to South Africa last year at $48 billion while the country imported $53 billion worth of products from South Africa.

Accordingly, Iran’s trade with foreign countries exceeded $100 billion in this period, Peyman-Pak added.

Turning to the country’s foreign trade growth last year, the TPOI chief added that the country registered considerable growth in the field of export of petrochemicals, food products, etc.

He then referred to Iran’s export of products to neighboring states last year and stressed that Iran’s export of products to Sultanate of Oman, Turkey and Indonesia recorded a 65, 140 and 70 percent hike respectively in the past year.

Iran’s exports to Ghana increased in this period in a way that Iran’s export of products to South Africa registered a 500 percent growth last year, he noted.

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