News ID: 262692
Published: 1245 GMT December 08, 2019

Report: China, Iraq, UAE top trade partners of Iran

Report: China, Iraq, UAE top trade partners of Iran

A new report shows that China, Iraq, and the United Arab Emirates (UAE) are respectively the top three destinations for Iran’s exported goods in the first seven months of the current Iranian calendar year (March 21-October 22).

The Tehran Chamber of Commerce, Industries, Mines and Agriculture released the statistics for the first seven months of the current Iranian year, suggesting that 58 percent of Iranian exports were to China, Iraq, and the UAE, reported Fars News Agency.

The report added that Turkey and Afghanistan were the fourth and fifth destinations for Iranian goods during that period, accounting for 14 percent of the total exports.

On Thursday, the head of Trade Promotion Organization of Iran (TPOI), Hamid Zadboum, announced that plans have been made to boost the annual export of non-oil goods to the neighboring countries.

“We exported $24 billion worth of goods to neighboring states last year and we have made up our minds to raise the figure,” Zadboum said, addressing a seminar honoring top exporters in Hamedan Province.

He said that exports were the blood in our foreign trade arteries, and if there were no export earnings, we would not be able to buy the required industrial items.

In early October, Iran’s Economy Minister Farhad Dejpasand said that Iran exported more than $60 billion worth of non-oil goods during the past year and a half.

“Iran’s non-oil exports reached $61 billion over the past 18 months,” Dejpasand said.

He added that only $27 billion were repatriated, that is, 45 percent of the total sum.

Iran obliged exporters several months ago to repatriate their forex revenues in a bid to resuscitate the country’s economy.


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