Tridge summary
From March 21 to October 22 of the current fiscal year, Iran traded 61.8 million tons of non-oil commodities with the Organization of Islamic Cooperation (OIC) member states, generating $28.73 billion in revenue. The UAE, Turkey, and Iraq emerged as Iran's primary trade partners, accounting for significant volumes and values of imports and exports. Compared to the previous year, Iran's trade with non-OIC countries saw a notable increase, reaching 98.7 million tons worth $54.8 billion. This trade activity included essential goods and various commodities, with the UAE and China serving as major importers of Iranian goods. The trade dynamics have been influenced by factors such as subsidized foreign currency allocation for essential goods imports, the impact of sanctions, and the Covid-19 pandemic, leading to changes in trade volumes and values.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
EghtesadOnline: Iran traded 61.8 million tons of non-oil commodities worth $28.73 billion with the members of the Organization of Islamic Cooperation during the current fiscal year’s first seven months (March 21-Oct. 22), according to the latest data released by the Islamic Republic of Iran Customs Administration. The UAE with 13.47 million tons worth $11.19 billion, Turkey with 13.5 million tons worth $6.26 billion, Iraq with 21.09 million tons worth $6.11 billion, Afghanistan with 2.8 million tons worth $1.13 billion and Pakistan with 1.77 million tons worth $824.76 million were Iran’s main trade partners during the period. Iran’s exports totaled 49.59 million tons worth $15.59 billion during the seven-month period.Iraq with 19.74 million tons worth $5.48 billion, Turkey with 10.99 million tons worth $3.4 billion, the UAE with 6.6 million tons worth $2.59 billion, Afghanistan with 2.8 million tons worth $1.13 billion and Pakistan with 1.59 million tons worth $655.15 ...
Source: Eghtesadonline.com
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