Non-Oil Trade With Malaysia Rises 23%

EghtesadOnline: Iran traded $694.64 million worth of non-oil goods with Malaysia during the last Iranian year (ended March 20, 2018), which is 23.4% more compared to the year before, making the Southeast Asian nation Iran’s 25th biggest trading partner.

News ID: ۷۸۲۶۷۱

21 May 2018

As per the Islamic Republic of Iran Customs Administration's data, Iran exported 631,493 tons of commodities worth $204.98 million to Malaysia last year, posting an 87.15% and 136.48% growth in tonnage and value respectively year-on-year. The exports mainly included low-density oils, polyethylene and tar. Malaysia exported 435,163 tons of goods worth $489.65 million to Iran during the period, down 15.16% in tonnage and 2.82% in value respectively YOY. Iran mainly imported palm oil and natural rubber from Malaysia last year, according to Financial Tribune.