Iran’s trade transactions with Shanghai Cooperation Organization’s member states, excluding crude oil exports, reached 29.31 million tons worth $23.37 billion in the seven fiscal months ending Oct. 22, registering a 3.88% and 29.22% year-on-year rise in weight and value respectively, latest data released by the Islamic Republic of Iran Customs Administration show.
China with 20.02 million tons worth $17.46 billion was Iran’s main trade partner among SCO member states during the period. It was followed by India with 3.89 million tons worth $2.79 billion and Russia with 2.3 million tons worth $1.32 billion.
Iranian exports hit 23.6 million tons worth $11.73 billion during the period to register a 0.81% and a 16.19% increase in terms of weight and value YOY, respectively.
China with 17.76 million tons worth $9.18 billion, India with 2.72 million tons worth $1.09 billion and Pakistan with 1.69 million tons worth $703.89 million were the main export destinations.
Imports stood at 5.71 million tons worth $11.63 billion during the seven months ending Oct. 22, registering a 19.05% and a 44.95% growth in weight and value, respectively.
China with more than 2.25 million tons worth $8.28 billion, India with 1.16 million tons worth $1.69 billion and Russia with 1.53 million tons worth $923.62 million were the main exporters.
The Shanghai Cooperation Organization is a Eurasian political, economic and security organization. In terms of geographical scope and population, it is the world's largest regional organization, covering approximately 60% of the area of Eurasia, 40% of the world population and more than 30% of global GDP.