Iran’s exports to Syria up 36% YOY

Iran has exported some $66 million worth of goods to Syria over the first four months of the fiscal year (March 21, July 22) which shows a 36% growth compared to figures from last year’s corresponding period, according to Keyvan Kashefi, the head of Iran-Syria Joint Chamber of Commerce.

23 August 2021
ID : 33012
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Iran has exported some $66 million worth of goods to Syria over the first four months of the fiscal year (March 21, July 22) which shows a 36% growth compared to figures from last year’s corresponding period, according to Keyvan Kashefi, the head of Iran-Syria Joint Chamber of Commerce.  

Kashefi said on Monday that Iran plans to export $200 million worth of goods to Syria by yearend (March 2022).

“If this goal is achieved, we will see an 80% growth in exports (to Syria) compared to the previous year,” he said.

Syrian Ministry of Economy has issued the necessary permission for holding an exclusive exhibition by Iran in the country in November, Kashefi said, adding that the exhibition will provide a chance for Iranian businesspersons to offer their products and export items.

He said that holding Iran’s first exclusive exhibition in Syria follows the cancellation of the 62nd Damascus International Fair.  

Kashefi also said that Iranian companies have long-term plans for participation in construction projects in Syria and contributing to reconstruction of the country after a devastating war with terrorist groups.

Iranian authorities hope exports to Syria could jump to over $1 billion in 2023 as the two countries plan to ease tariffs and other restrictions on trade.

Iran was a major supplier of goods and services to Syria before the Arab country slid into a massive war led by terrorist groups in March 2011.

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