Date: 05 May 2022 , 19:32
News ID: 10694
NEWS SERVICE: ECONOMY and TRADE

Iran’s trade with Shanghai Cooperation Organization members increases to $37 billion

Spokesman of the Islamic Republic of Iran Customs Administration Rouhollah Latifi announced that the volume of trade between Iran and the Shanghai Cooperation Organization (SCO) has grown to over $37bln in the past Iranian year (ended on March 20).

Spokesman of the Islamic Republic of Iran Customs Administration Rouhollah Latifi announced that the volume of trade between Iran and the Shanghai Cooperation Organization (SCO) has grown to over $37bln in the past Iranian year (ended on March 20).

Bilateral trade between Iran and the SCO members last year was equal to 54,856,000 tons of goods, valued at 37.168 billion dollars, Latifi said on Sunday.
That marked a 33-percent increase compared to the year before, he added. Iran exported 45,349,000 tons of goods, worth 20.596 billion dollars, to the SCO member states last year — registering an increase of 41 percent year on year.
Total imports from the SCO weighed 9,507,000 tons, worth 16.572 billion dollars, marking a 24-percent increase compared to the year before, Latifi said.

China, Afghanistan (which has observer SCO status), and India were the top three SCO importers of Iranian goods last year, he added.

The SCO is a transcontinental political, economic, security, and military alliance, comprising China, India, Kazakhstan, Kyrgyzstan, Russia, Pakistan, Tajikistan and Uzbekistan.
Iran had its full membership in the organization approved in 2021. Previously, it held observer status in the organization.
Iran had the largest imports of its own from, respectively, China, Russia and India.

Source: ICCIMA

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