Trade Relations: Nigeria Among Iran’s Top African Trade Partners…As Iran’s Trade Increased by 23 Per cent

Trade Relations: Nigeria Among Iran’s Top African Trade Partners…As Iran’s Trade Increased by 23 Per cent

 

 

 

A senior Iranian trade official announced that the value of trade between Iran and African countries increased by 23 per cent in the past Iranian calendar year (ended on March 20, 2018), compared to its preceding year, as Egypt, Kenya, Sudan, South Africa, Tanzania, Mozambique, Somalia, Djibouti, Morocco and Nigeria were Iran’s top African trade partners.

This was disclosed by Director-General of the Trade Promotion Organisation’s office for Arab-African Affairs Farzad Piltan. He added that the country has increased its exports to the African states to a considerable extent and the value of exports to African nations stood at about $752 million last year, $142 million more than the figure for its preceding year.

“Iran’s exports to the African states in the first six months of the current (Iranian) year (started on March 21) amounted to $397mln which shows a 17 per cent increase compared with the same period last year”.

He explained that the African states that imported oil and non-oil products from Iran in the period included Egypt, Kenya, Sudan, South Africa, Tunis, Morocco, Mozambique, Tanzania, Djibouti and Somalia.