Iran-SCO trade reaches about $39b in 11 months
Iran’s non-oil trade with the Shanghai Cooperation Organization (SCO)’s member states in the first 11 months of the current year (from March 21, 2022 to February 20, 2023) exceeded $38.8 billion, a spokesman said.
Rouhollah Latifi, the spokesman for Industry, Mine and Trade House of the Trade Promotion Commission of Iran, said that more than 50.6 million tons of goods, valued at $38.8 billion, were exchanged between the Islamic Republic of Iran and 11 member states of the organization, reported Tasnim News Agency.
Of the total amount of goods exchanged, 41.7 million tons of commodities, valued at $19.61 billion, are related to Iran’s export share, showing over two percent and 6.4 percent hikes in weight and value, respectively, as compared to last year’s corresponding period, he maintained.
In this period, Iran imported 8.9 million tons of goods, valued at $19.2 billion, from SCO’s member states, registering a 7.7 percent and 33.4 percent growth in weight and value, respectively, as compared to the same period last year.
Latifi pointed out that Iran’s non-oil trade with the member states of the Shanghai Cooperation Organization has seen a growth of about $6 billion, registering an 18.3 percent rise as compared to last year’s corresponding period.
Turning to Iran’s export destinations to SCO member states, he said that China, India, Afghanistan, Pakistan and the Russian Federation imported $13.56 billion, $1.92 billion, $1.48 billion, $1.32 billion and $673 million worth of products from Iran, from March 21, 2022 to February 20, 2023, respectively, which accounted for Iran’s first five export target markets.
The Islamic Republic of Iran joined the Shanghai Cooperation Organization officially at the Samarkand Summit in Uzbekistan on September 16, 2022. Iran’s membership request had been presented to the Secretariat of the Organization in February 2005.