Iran-OIC annual trade surpasses $59b

Iran’s trade with member states of the Organization of Islamic Cooperation (OIC), excluding crude oil exports, reached 97.33 million tons, worth $59.73 billion, in fiscal 2022-23 (ended March 20).
The Iran-OIC annual trade registered a 2.8% fall in terms of weight, but a 13.56% rise in value, compared with the corresponding period of last year, according to Mehr news agency.
The latest data released by the Islamic Republic of Iran Customs Administration also show that the UAE, with 24.35 million tons (up 3.71%), worth $24.16 billion (up 12.57%), was Iran’s top trade partner among OIC member states.
It was followed by Turkey, with 18.16 million tons (down 6.68%), worth $13.55 billion (up 19.07%), and Iraq, with 27.43 million tons (down 15.81%), worth $10.5 billion (up 3.84%).

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