Iran’s trade with member states of the Organization of Islamic Cooperation, excluding crude oil exports, reached 46.64 million tons worth $30 billion during the first seven months of the current fiscal year (March 21-Oct. 22).
The figure registered a 24.52% decline in terms of weight, but a 4.5% rise in terms of value year-on-year, latest data released by the Islamic Republic of Iran Customs Administration show.
The UAE with 13.23 million tons worth $12.91 billion was Iran’s top trade partners among OIC member states. It was followed by Turkey with 6.35 million tons worth $6.29 billion and Iraq with 11.62 million tons worth $4.14 billion.
Iran’s exports to OIC stood at 36.3 million tons worth $15.46 billion during the seven-month period, registering a 26.78% and a 0.82% decrease in terms of weight and value respectively.
Iraq with 11.48 million tons (down 28.95%) worth $4.02 billion was the top export destination in the period. It was followed by the UAE with 6.54 million tons worth $3.47 billion and Turkey with 4.59 million tons worth $3.08 million.
Imports stood at 10.33 million tons worth $14.56 billion, to register a 15.33% decline in weight, but a 10.82% growth in value YOY.
The UAE with 6.68 million tons worth $9.43 billion was the top exporter to Iran during the period. Turkey with 1.75 million tons worth $3.21 billion and Pakistan with 511,995 tons worth $563.38 million came next.
Iran’s total foreign trade (excluding crude oil exports) stood at 81.03 million tons worth $60.13 billion during the period, registering a 17.6% decline in weight but a 10% rise in value compared with the similar period of last year, according to the new spokesperson of the Islamic Republic of Iran Customs Administration.