Iran’s ten-month trade with SCO states tops $33 billion

Iran’s trade with Shanghai Cooperation Organization’s member states, excluding crude oil exports from the country, stood at 42.91 million tons worth $33.84 billion during the first 10 months of the current Iranian year (March 21-Jan. 20).

10 February 2023
ID : 44460
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Iran’s trade with Shanghai Cooperation Organization’s member states, excluding crude oil exports from the country, stood at 42.91 million tons worth $33.84 billion during the first 10 months of the current Iranian year (March 21-Jan. 20).

The figure registed a 4.9% and a 23.07% year-on-year rise in terms of weight and value respectively, latest data released by the Islamic Republic of Iran Customs Administration show.

China with 29.17 million tons (up 10.19%) worth $12.69 billion (down 39.5%) was Iran’s main trade partner among SCO member states during the period. It was followed by India with 5.91 million tons (down 9.07%) worth $2.4 billion (down 9.88%) and Russia with 3.11 million tons (down 20.23%) worth $1.19 billion (down 34.09%).

Iranian exports hit 34.72 million tons worth $16.58 billion during the period, registering a 3.42% and a 10.05% growth in weight and value YOY, respectively. 

China with 25.55 million tons (up 8.19%) worth $12.6 billion (up 10.11%), India with 4.27 million tons (down 21.45%) worth $1.6 billion (up 8.54%) and Pakistan with 2.78 million tons (up 16.02%) worth $1.14 million (up 12.4%) were the main export destinations.

Imports stood at 8.19 million tons worth $17.26 billion during the 10 months to register an 11.65% and 38.86% growth in weight and value year-on-year, respectively

China with 3.62 million tons (up 27.13%) worth $12.69 billion (up 33.24%), India with 1.63 million tons (up 54.45%) worth $2.4 billion (up 103.9%) and Russia with 1.98 million tons (down 33.71%) worth $1.19 billion (down 9.81%) were major exporters.

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