Iran’s export to Africa rose 40% in past 5 months

The value of Iran’s export to Africa rose 40 percent in the first five months of the current Iranian calendar year (March 21-August 22), as compared to the same period last year.

The remarks were made by Ruhollah Latifi, the spokesman for Iran’s Customs Administration during a meeting to examine the business opportunities of Iran and the African continent.

He said one of the policies of the current Iranian government is to expand its presence in African markets.

“Last year we saw the growth of trade with the African continent; we exported to 50 countries and imported from 18 countries, and in the first five months of this year, exports grew 40 percent to 55 countries and imports rose 147 percent”, he added.

The spokesman said South Africa Mozambique, Sudan, Nigeria, and Ghana are Iran’s main export destinations and Tanzania, Kenya, South Africa, Congo, and Ghana were the major sources of imports from Iran.

Head of Iran’s Trade Promotion Organization (TPO) Alireza Peyman-Pak has said the country is taking the necessary steps to increase annual trade exchanges with African countries to $5 billion by the Iranian calendar year 1404 (begins in March 2025).

Peyman-Pak said the trade with the mentioned countries is expected to reach $2.5 billion by the end of the current Iranian calendar year (March 20, 2023).

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