Iran’s annual trade with SCO states hits $40.9 billion

Iran’s trade with Shanghai Cooperation Organization’s member states, excluding crude oil exports from the country, stood at 52.71 million tons worth $40.98 billion in fiscal 2022-23 (ended March 20), latest data released by the Islamic Republic of Iran Customs Administration show.

7 May 2023
ID : 44662
Share
Share with
Telegram Whatsapp
Link
Iran’s trade with Shanghai Cooperation Organization’s member states, excluding crude oil exports from the country, stood at 52.71 million tons worth $40.98 billion in fiscal 2022-23 (ended March 20), latest data released by the Islamic Republic of Iran Customs Administration show.

An undated photo shows a ship unloading its cargo in the Port of Chabahar, southeastern Iran. Photo: Shana

Iran’s trade with Shanghai Cooperation Organization’s member states, excluding crude oil exports from the country, stood at 52.71 million tons worth $40.98 billion in fiscal 2022-23 (ended March 20), latest data released by the Islamic Republic of Iran Customs Administration show.

The figures indicated a 3.91% fall in terms of weight, but a 10.26% rise in value compared with last year’s corresponding period.

China with 35.55 million tons worth $30.32 billion was Iran’s main trade partner among SCO member states during the period. It was followed by India with 7.3 million tons worth $4.99 billion and Russia with 4.04 million tons worth $2.32 billion.

Iranian exports hit 42.71 million tons worth $19.68 billion in the year under review, registering 5.81% and 4.43% drops in weight and value respectively. 

China with 31.15 million tons worth $14.58 billion (up 1.84%), India with 5.42 million tons worth $2.14 billion (up 16.62%) and Pakistan with 3.53 million tons worth $1.48 million (up 18.1%) were the main export destinations.

Imports stood at 10 million tons worth $21.29 billion during the period, registering 5.19% and 28.52% rises in weight and value respectively. 

China with 4.4 million tons worth $15.74 billion (up 23.57%), India with 1.87 million tons worth $2.84 billion (up 80.35%) and Russia with 2.62 million tons worth $1.57 billion (down 5.59%) were major exporters.

Related