Iran’s exports to Africa grows 185% in past 7 months

2023-11-30 15:08:38
Iran’s exports to Africa grows 185% in past 7 months

Iran’s export of products to African countries in the first seven months of the current Iranian calendar year grew 185 percent compared to the same period in 2020, a trade official said.

Iran’s direct and indirect exports to the continent has significantly increased with the active diplomacy of the current administration and in cooperation with the private sector, said Rouhollah Latifi, the spokesman for the Trade Promotion Commission of Iran’s House of Industry, Mine and Trade.

After a visit by Iran’s President Ebrahim Raeisi to Africa, exporting goods from Iran to the continent has accelerated, he added.

Iran exported $152 million worth of products to African states in the first seven months of 2020, he noted, adding that Iran exported $332 million worth of products to Africa from March 21 to October 2019.

Iran’s export of products to Africa from March 21 to October 22, 2023 showed over 185 percent growth compared to the same period of 2020, the spokesman reiterated.

Iran imported tea, coffee, cocoa, minerals, industrial lubricants, industrial equipment and machinery and also pharmaceuticals from African states from March 21 to October 22, 2023, he continued.

With the planning made in this regard, it is hoped that the country would witness $5 billion worth of trade with Africa by the end of the current administration, Latifi stated.

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