Iran's Non-Oil Trade With South Korea at $4.6b Last Year

EghtesadOnline: Iran traded 5.64 million tons of non-oil commodities worth $4.61 billion with South Korea in the last fiscal year (ended March 20, 2019), registering a 51.05% and 43.03% decline in tonnage and value respectively compared with the year before, latest data released by the Islamic Republic of Iran Customs Administration show.

News ID: ۷۸۴۶۳۱

01 May 2019

Iran’s exports to South Korea stood at 4.91 million tons worth $2.56 billion, down 51.07% and 41.46% in tonnage and value respectively year-on-year.

South Korea was Iran’s fifth export destination during the year.

Iran mainly exported gas condensates, copper concentrates, chemicals and molybdenum oxide and hydroxide to South Korea during the 12-month period, according to Financial Tribune.

It exported 735,116 tons of goods worth $2.04 billion to Iran, down 50.89% and 44.89% in tonnage and value respectively YOY.

South Korea was the seventh exporter of goods to Iran over the year.

The imports mainly included auto parts, vehicles, chemicals and refrigerator parts.