The trade exchanges between Iran and the Economic Cooperation Organization (ECO) member states in the first seven months of the current Iranian calendar year (March 21 – October 22) reached $10.2 billion.
Over 14 million tons of products, valued at more than $10 billion, were exchanged between Iran and the nine ECO state members in the seven-month period, showing an 18 and 4.5 percent hike in weight and value respectively compared to the same period of last year, Spokesman for Iran’s House of Industry, Mine and Trade for Trade Promotion and International Relations Commission Rouhollah Latifi stated.
In this timespan, Iran exported over 12 million tons of non-oil products, valued at more than $5 billion, to the ECO member states, registering a 23 and 2.5 percent growth in weight and value respectively, he said.
Iran imported over 2 million tons of products, valued at more than $4 billion, from these countries in the period under review, posting a 1.2 and 7.3 percent hike in weight and value respectively, Latifi added.
According to the official statistics, Iran’s balance of trade with nine ECO member states in this period was $1.6 billion in favor of Iran.
Turkey, Pakistan, and Afghanistan were the top three ECO exports destinations for Iranian products in the mentioned period, he said, adding that Turkey imported more than $2 billion worth of products from Iran.