Iran Trade Rises 3-Fold in Q1 of 2022
Iran Trade Rises 3-Fold in Q1 of 2022
Iran’s Customs Administration says the country’s foreign trade registered a more than three-fold increase in the first quarter of 2022 year on year.

TEHRAN (Iran News) –   Iran’s Customs Administration says the country’s foreign trade registered a more than three-fold increase in the first quarter of 2022 year on year.

“In the last three months of the Persian Year 1400 (December 22, 2021 – March 20, 2022), the country’s trade stood at 41 million 522 thousand tons of commodities worth $29,549,000,000, showing a rise of 14 percent in terms of weight and 37 percent in terms of value compared to the similar period the previous year,” said Customs Spokesman Rouhollah Latifi.

“Last winter, some 11 million 80 thousand tons of goods worth $16,71,000,000 were cleared from the country’s Customs, registering a 29-percent increase in terms of weight and 35-percent rise in terms of value year on year,” he added.

He said the nation’s exports during the three-month period were up 40% in terms of value compared to the previous year.

Meanwhile Farzad Piltan, director-general of Trade Promotion Organization (TPO)’s Office of Arabian and African Countries, said yesterday that the value of Iran’s exports to its African and Arab trade partners increased by $2.6 billion or 20 percent in the previous Iranian calendar year (ended on March 20).

According to Piltan, Iranian exports to Arab and African countries reached $16.293 billion in the previous year, while the figure stood at $13.595 in the preceding year, the TPO portal reported.

Iraq with $8.9 billion of imports, United Arab Emirates (UAE) with $4.9 billion, Oman with $716 million, Ghana with $353 million, and South Africa with $254 million were the top export destinations for Iranian products in the year 1400, the official said.

Syria, Kuwait, Qatar, Nigeria, and Mozambique with $218 million, $158 million, $134 million, $125 million, and $98 million of imports from Iran, respectively, were ranked sixth to tenth among the Islamic Republic’s Arab and African trade partners in the mentioned year.

Also, official data show that Iran’s imports from its Arab and African trade partners also increased by 76 percent in 1400 compared to 1399 to stand at $18.479 billion. Iran had imported $10.470 billion worth of commodities from the mentioned counties in 1399, Piltan stated.

 

Short link :