Dec 13, 2022, 9:50 AM

Iran’s exports to Nigeria grow 36% in 8 months: official

Iran’s exports to Nigeria grow 36% in 8 months: official

TEHRAN, Dec. 13 (MNA) – The Deputy Head of the Iran-South Africa Merchants Club said that the country’s export of products to Nigeria in the first eight months of the current year in 1401 registered a 36 percent growth.

Iran exported more than 195,000 tons of goods, valued at $115.4 million, to Nigeria from March 21 to Nov. 22, showing a 36 percent hike as compared to the last year’s corresponding period, Seyyed Rouhollah Latifi stated.

Nigeria is a lucrative market for Iranian businessmen and merchants both in terms of population and religion and culture, he added.

He pointed to the products imported into Nigeria last year in 2021 and noted that $67.6 billion worth of products were imported into this African country in 2021, $52.4 and $15.2 billion of which related to the goods and technical-engineering services respectively.

Turning to Iran’s export of products to Nigeria, Latifi stated that the country exported 266,000 tons of goods, valued at $125.3 million, to Nigeria in 1400 (ended March 20, 2022), showing a 605 percent growth as compared to the same period of last year.

This is while Iran’s export of products to Nigeria in the first eight months of the current year registered a 36 percent growth as compared to the last year’s corresponding period, he added.  

MA/IRN84968412

News ID 194851

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