TEHRAN (Iran News) –Trade between Iran and the Economic Cooperation Organization’s member states exceeded 10.67 million tons during the current fiscal year’s first six months.
According to the data released by the Islamic Republic of Iran Customs Administration, trade between Iran and the Economic Cooperation Organization’s member states exceeded 10.67 million tons worth $8.19 billion during the current fiscal year’s first six months (March 21-Sept. 22), registering a 30.28% decline in weight, but a 12.96% increase in value compared with the corresponding period of last year.
Turkey was Iran’s main trade partner among the countries under review with 5.49 million tons worth $5.3 billion, registering a 41.07% decline in terms of weight, but an 11.87% growth in terms of value, compared with the same period of last year, Financial Tribune reported.
It was followed by Pakistan with 1.76 million tons (up 19.46%) worth $1.05 billion (up 61.29%) and Afghanistan with 1.59 million tons (down 36.83%) worth $805.21 million (down 19.91%).
Iran’s exports to ECO members stood at 8.56 million tons worth $4.82 billion during the period, registering a 33.5% decline in terms of weight, but a 5.97% growth in value year-on-year.
Meanwhile Iranian customs office (IRICA) data showed the country continued to export increased volumes of commodities and products to other countries in October.
IRICA data published on Saturday showed that Iran’s non-oil exports reached a total of $28.406 billion in the seven months to October 22, up by 5.6% compared with the same period last year.
The figures showed that the total weight of Iranian export shipments had amounted to 61.283 million metric tons (mt) over March-October, a decline of 18.2% year on year.
Oil products and metals accounted for a bulk of exports from Iran in the seven months to late October, said IRICA spokesman Morteza Emadi.
Emadi said China was the largest customer of Iranian exports in March-October with some $9.181 billion worth of purchases, followed by Iraq at $4.029 billion and the United Arab Emirates (UAE) at $3.476 billion.
IRICA data showed that imports into Iran rose by 14.4% to $31.727 billion in the seven months to late October.
That comes as shipments fell by 15.7% in volume terms to a total of 19.747 million mt over the same period, according to the same data.
The Iranian customs figures showed that the UAE had been the largest exporter to Iran over the March-October period with $9.435 worth of sales, followed by China at $8.284 billion and Turkey at $3.218 billion.