Iran’s export to Africa rises 19% in past 10 months: Data

2023-02-14 21:52:50
Iran’s export to Africa rises 19% in past 10 months: Data

The value of Iran’s non-oil export to Africa rose 19 percent in the first 10 months of the current Iranian calendar year (March 21, 2022-January 20, 2023), as compared to the same period of time in the past year.

the vice president of Iran and Africa Merchants Club Ruhollah Latifi said. that Iranian traders exported over 2,247,619 tons of commodities worth $1,108,357,000 to African countries in the mentioned 10-month period, IRIB reported.

According to the official, Iran exported commodities to 45 African countries and the exports also increased by nine percent in terms of weight.

Latifi put the total Iran-Africa trade in the said 10 months at 2.330 million tons valued at $1.188 billion, of which the share of Iran’s import was 84,280 tons valued at $79.685 million.

The trade between Iran and Africa increased by 11 percent in terms of weight and 22 percent in terms of value in the said period, Latifi said.

According to Latifi, imports from Africa increased by 70 percent and 79 percent in terms of weight and value, respectively.

The official named South Africa, Mozambique, Ghana, Sudan, Nigeria, and Kenya as the main export destinations and Tanzania, Kenya, South Africa, and Ghana as the major sources of imports for Iran among the African countries in the first 10 months of the present year.

Latifi earlier said that trade between Iran and Africa reached $1.250 billion last year with a 100 percent growth, and considering the current trend of trade with the African continent the figure is expected to reach $1.7 billion by the end of the current year (March 20, 2023).

Head of Iran’s Trade Promotion Organization (TPO) Alireza Peyman-Pak has also 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).

Source: Tehran Times


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