Annual Trade With Africa Hits Record High of $1.2 Billion
EghtesadOnline: Iran and African countries traded 2.54 million tons of goods worth $1.27 billion in the fiscal 2022-23 (ended March 20), registering a 1.61% decline in terms of weight, but a 2.24% rise in value compared with the previous year, latest data released by the Islamic Republic of Iran Customs Administration show.
Iran and African countries traded 2.54 million tons of goods worth $1.27 billion in the fiscal 2022-23 (ended March 20), registering a 1.61% decline in terms of weight, but a 2.24% rise in value compared with the previous year, latest data released by the Islamic Republic of Iran Customs Administration show.
The value of exports has registered a record high in IRICA database.
South Africa with 608,491 (up 9.72%) tons worth $322.04 million (up 23.52%) was Iran’s main trade partner in the African continent during the period. It was followed by Mozambique with 353,448 tons (up 146.27%) worth $190.51 million (up 93.74%) and Ghana with 333,496 tons (down 43.49%) worth $174.15 million (down 51.63%).
Data released by the Islamic Republic of Iran Customs Administration show Iran exported 2.45 million tons of goods worth $1.18 billion to the African continent during the year, registering a 2.63% and a 0.48% decrease in terms of weight and value year-on-year, respectively.