TPO: Exports to Africa jump 25% as continental trade expands
Iran is conducting trade with 39 African countries, with the value of each ton of Iranian exports to the continent rising by 25%, a senior Trade Promotion Organization (TPO) official said, according to IRNA.
Amir Roshanbakhsh, deputy head for the development of international businesses at the Trade Promotion Organization of Iran, provided details on the country’s trade trends with Africa.
“At present, Iran’s trade exchanges with 39 countries across the African continent are ongoing, and export and import processes with these countries are underway,” he said.
Roshanbakhsh said the value of each ton of Iranian exports to Africa had risen from $442 to $554.
“The value of each ton of exported goods to the African continent was $442, which has increased by 25% to $554, meaning the value of Iran’s exported goods to this continent has increased,” he said.
He added that the value of imports from Africa had declined by 11%, indicating that Iran was importing lower value-added goods while exporting products with higher added value.
Roshanbakhsh said Iran’s trade activity in North Africa remained relatively limited despite what he described as strong potential for expanding commerce in the region.
“If we divide the African continent into regions, our trade activities in North Africa have been relatively limited, despite the good capacity and potential these countries offer for our trade,” he said.
He added that Iran’s trade ties with West Africa were stronger, with an active trade center operating in the region and efforts underway to increase exchanges between merchants.
Roshanbakhsh also emphasized the development of emerging opportunities in Africa, saying trade relations with East African countries such as Tanzania had existed for years and continued to this day.