News ID: 321208
Published: 1257 GMT April 24, 2022

Iran’s annual exports to Turkey see 141% growth

Iran’s annual exports to Turkey see 141% growth

The head of Iran-Turkey Commerce Chamber said that Iran’s exports to the country saw a 141% growth to reach to $6.1 billion in the last Iranian year (March 2021-March 2022) although much bigger numbers have been experienced in the years before.

Mehrdad Saadat told IRNA on Sunday that Irans foreign trade was increasing last Iranian year, but this shouldnt prevent businesses from moving even further.

Saadat added that Irans trade with Turkey has seen much bigger numbers, including $21 billion of business transaction in the past years.

Iran-Turkey trade has enough capacity to increase significantly and $15 billion can be targeted for the first step, he noted.

The official also referred to Turkeys $300 billion of foreign trade in 2021, adding that the country has great advantages to be leveraged by Irans private sector.

From March 2021-March 2022, Iran imported $5.3 billion of goods from Turkey.

The value of Irans non-oil trade exchanges in the previous Iranian year, hit a record high of $100 billion, a deputy minister announced on April 2.

According to Iranian Deputy Economy Minister Alireza Moqaddasi, the annual value of the countrys non-oil foreign trade in the year to March 20, 2022 amounted to $100 billion, showing a 38% increase compared to the corresponding period a year earlier.

Describing the new record in the foreign trade as a result of exchange of 162 million tons of commodities with foreign countries, he said Iran exported 122 million tons of goods worth $48 billion in the previous year.

While the value of annual exports has risen by 41% compared to de the year 1399, Iran imported more than 40 million tons of goods, worth $52 billion, in the year that ended on March 20, mainly including basic commodities, raw materials, and machinery, noted Moqaddasi, who is also head of the Islamic Republic of Iran Customs Administration (IRICA).

He said Iran has managed to set a new record in annual exports under the pressure of harsh and cruel sanctions imposed by the hegemonic powers, meaning that the policy of maximum pressure against the Islamic Republic has failed.

The top five exporters to Iran in 1400 were the United Arab Emirates, China, Turkey, Germany and Russia, the deputy minister said, adding that the main destinations of Irans exports included China, Iraq, Turkey, the United Arab Emirates and Afghanistan.


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