Iran's Trade Volume With Malaysia Hits 93%

EghtesadOnline: Iran traded 303,607 tons of non-oil commodities worth $152.27 million with Malaysia during the first four months of the current fiscal year (March 21-July 22).

News ID: ۷۸۳۸۸۷

03 September 2018

This marks a 93.34% increase in tonnage and a 30.95% decrease in value compared with last year’s corresponding period, latest data released by the Islamic Republic of Iran Customs Administration show. Iran’s exports to Malaysia stood at 219,407 tons worth $57.60 million, up 103.71% and 26.98% in tonnage and value respectively year-on-year. Malaysia was Iran’s 24th export destination during the period. Iran mainly exported iron and steel ingot, semi-finished iron and steel products, tar and direct-reduced iron to Malaysia during the four-month period. Malaysia exported 84,200 tons of goods worth $94.66 million to Iran, down 46.38% and 45.95% in tonnage and value YOY. Malaysia was the 23rd exporter of goods to Iran over the four months. Imports mainly included palm oil, natural rubber and coal electrodes, according to Financial Tribune.