Iran (IMNA) - According to the director general of Iran's Trade Promotion Organization (TPO) West Asia Department, Farzad Piltan, the country's exports to various West Asian nations including Iraq, United Arab Emirates (UAE), Kuwait, Oman, Qatar, Saudi Arabia, Bahrain, Yemen, Syria, Lebanon, Jordan, and Turkey reached a total of $10.346 billion during this period.
These exports accounted for 45 percent of Iran's overall export volume. Additionally, Iran shipped 30.387 million tons of goods to the region, representing a substantial 25 percent increase compared to the same timeframe last year. Notably, Iraq, the UAE, and Turkey were the primary destinations for Iranian commodities, with export values of $4.5 billion, $3.0 billion, and $2.4 billion respectively. On the import side, Iran's imports from West Asian countries during the first half of the current year stood at approximately $13 billion, constituting 43 percent of the nation's total imports within the mentioned period.
During the first six months of the current Iranian year (March 21-September 22), the Islamic Republic of Iran witnessed a significant increase in its exports to West Asian countries, surpassing the figures from the same period last year by 25%. According to Piltan, Iran exported a total of 30.387 million tons of goods to the region, amounting to 6.37 million tons more than the previous year.
Among the West Asian nations, Iraq emerged as the top destination for Iranian commodities, with imports valued at $4.5 billion. The United Arab Emirates followed closely with imports worth $3.0 billion, while Turkey ranked third with imports valued at $2.4 billion.
In terms of imports, Iran's trade ties with West Asian countries remained strong, accounting for 43% of the country's total imports during the aforementioned period. The official report indicated that Iran imported goods worth approximately $13 billion from these nations, representing an 18% increase in value and a 13% increase in weight compared to the previous year.
The top sources of imports for Iran during this period were the UAE with imports valued at $9.0 billion, Turkey with $3.2 billion, Oman with $498 million, and Iraq with $236 million.
Piltan highlighted that Iran's Trade Promotion Organization (TPO) is actively implementing various initiatives to enhance the country's non-oil trade with regional countries. These programs include plans to increase the export of products with higher added value, improve trade center services, develop export management companies, support joint production, re-export, and transit. Additionally, TPO aims to facilitate communication between commercial platforms, organize exhibitions, and promote the exchange of business delegations.
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