Iran's H1 Trade With SCO Increases by 30 Percent to Over $19 Billion

Iran's H1 Trade With SCO Increases by 30 Percent to Over $19 BillionIran's H1 Trade With SCO Increases by 30 Percent to Over $19 Billion.

Iran’s trade with Shanghai Cooperation Organization’s member states, excluding crude oil exports, reached 24.51 million tons worth $19.66 billion during the first six months of the current fiscal year (March 21-Sept. 22), registering a 2.71% and 30.67% growth in weight and value year-on-year, respectively, latest data released by the Islamic Republic of Iran Customs Administration show.

China with 16.77 million tons worth $14.68 billion was Iran’s main trade partner among SCO member states during the period, registering a 2.29% and a 26.51% increase in terms of weight and value, respectively, compared with the same period of last year.

It was followed by India with 3.12 million tons (down 7.72%) worth over $2.28 billion (up 60.19%) and Russia with 2.08 million tons (up 17.29%) worth $1.21 billion (up 33.67%).

Iranian exports hit 19.61 million tons worth $9.92 billion, registering a 3.42% decline in weight, but a 15.95% growth in value YOY.