Iran’s trade with 56 OIC member states hits $61 billion

TEHRAN, Apr. 09 (MNA) – The value of the trade exchanges between Iran and the other 56 member states of the Organization of Islamic Conference reached $61 billion in the past Iranian year, registering a 0.19 percent hike compared to a year earlier.

The head of the Islamic Republic of Iran Customs Administration (IRICA) put the volume of the trade exchanges between Iran and OIC member states from March 21, 2023 to March 19, 2024, at 94 million tons, registering a 4.22 percent decline compared to the previous year.

Iran exported $29 billion of products to these countries and imported $32 billion worth of products from them, Mohammad Rezvanifar added.

The deputy minister of economy went on to say that the country’s export of products to the OIC members last year registered an 11% decline in value while the import of products from these countries increased 13% compared to a year earlier.

Among the OIC member states, the United Arab Emirates (UAE), Turkey, Iraq, Pakistan, Oman, Afghanistan, Malaysia and Indonesia were Iran’s major trade partners, the IRICA chief added.

SD/TSN

News ID 213705

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