Iran’s Trade With OIC Grows 20% to $50 Billion

Date: 05 March 2023 - 21:52

News ID: ۱۱۳۱۰۹

TEHRAN – Islamic Republic of Iran Customs Administration (IRICA) has reported that the country’s trade with member states of the Organization of Islamic Cooperation reached 83.18 million tons worth $50.03 billion.
The data show, Iran’s trade with member states of the Organization of Islamic Cooperation, excluding crude oil exports, reached 83.18 million tons worth $50.03 billion during the first 10 months of the current Iranian year (March 21, 2022-Jan. 20), registering a 1.65% and a 20.18% rise in terms of weight and value compared with the corresponding period of last year.
The UAE with 20.27 million tons (up 5.48%) worth $19.77 billion (up 17.42%) was Iran’s top trade partners among OIC member states. It was followed by Turkey with 15.89 million tons (up 3.94%) worth $11.69 billion (up 33.52%) and Iraq with 24.33 million tons (down 9.07%) worth $9.08 billion (up 10.47%).
Iran’s exports to OIC stood at 66.51 million tons worth $27.32 billion during the 10-month period, registering a 3.16% and a 24.41% increase in terms of weight and value respectively, Financial Tribune reported.
Iraq with 24.21 million tons (down 3.27%) worth $8.92 billion (up 22.45%) was the top export destination during the period. It was followed by the UAE with 9.26 million tons (down 23.21%) worth $4.82 billion (up 6.45%) and Turkey with 12.86 million tons (up 42.43%) worth $6.61 million (up 73.99%).