Iran’s trade with Shanghai Cooperation Organization tops $9.8bn

Iran’s trade with the member states of Shanghai Cooperation Organization reached 15.76 million tons worth $9.82 billion in the first four months of the current fiscal year (March 21-July 22), according to the latest statistics of the Islamic Republic of Iran Customs Administration.

14 September 2021
ID : 33070
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Iran’s trade with the member states of Shanghai Cooperation Organization reached 15.76 million tons worth $9.82 billion in the first four months of the current fiscal year (March 21-July 22), according to the latest statistics of the Islamic Republic of Iran Customs Administration.

File photo shows Shanghai Cooperation Organization (SCO) leaders pose for a photo during a summit meeting in Qingdao, China June 9, 2018.

Iran’s trade with the member states of Shanghai Cooperation Organization reached 15.76 million tons worth $9.82 billion in the first four months of the current fiscal year (March 21-July 22), according to the latest statistics of the Islamic Republic of Iran Customs Administration.

Exports to the eight member states hit 13.37 million tons worth $5.64 billion during the period. 

China with 9.89 million tons worth $4.36 billion, India with 1.73 million tons worth $495.07 million and Pakistan with 910,531 tons worth $341.39 million were Iran’s top three export destinations in the bloc during the period.

Imports from SCO stood at 2.39 million tons worth $4.18 billion during the same period.

Top three SCO exporters to Iran were China with 1.02 million tons worth $3.13 billion, India with 408,205 tons worth $440.86 million and Russia with 754,848 tons worth $429.78 million.

Iran traded 50.8 million tons of non-oil goods worth $29 billion with other countries during the first four months of the current fiscal year (March 21-July 22), indicating an increase of 21% in weight and 47% in value compared with the corresponding period of last year. 

According to Mehdi Mirashrafi, the head of the Islamic Republic of Iran Customs Administration, exports reached 38.3 million tons worth $14.3 billion, which shows a year-on-year growth rate of 27% and 65% in weight and value, respectively. 

Major exported goods included liquefied gas, polyethylene, semi-finished steel products, methanol, gasoline, steel ingots, liquid propane, bitumen and copper cathode. 

The main export destinations included China (10 million tons of goods worth $4.3 billion), Iraq (10.9 million tons worth $2.8 billion), the UAE (4.3 million tons worth $1.6 billion), Turkey (1 million tons worth $923 million) and Afghanistan (1.8 million tons worth $728 million.)

Imports hit 12.5 million tons worth $14.5 billion, registering an increase of 5% in weight and 32% in value compared with last year’s same period, ISNA reported.

Main exporters to Iran were the UAE (4 million tons of goods worth $4.7 billion), China (1 million tons worth $3.1 billion), Turkey (1.3 million tons worth $1.5 billion), Germany (351,000 tons worth $563 million) and Switzerland (672,000 tons worth $539 million).

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