Trade With OIC Grows by 15% to $54 Billion During 11 Months

Iran’s trade with member states of the Organization of Islamic Cooperation, excluding crude oil exports, reached 89.02 million tons worth $54.32 billion during the first 11 months of last Iranian year (March 21, 2022-Feb. 19), registering a 4.05% decline in terms of weight, but a 15.53% rise in value compared with the corresponding period of last year.

The latest data released by the Islamic Republic of Iran Customs Administration also show that the UAE with 21.99 million tons (up 3.26%) worth $21.75 billion (up 15.71%) was Iran’s top trade partners among OIC member states. It was followed by Turkey with 16.54 million tons (down 11.92%) worth $12.5 billion (up 21.24%) and Iraq with 25.45 million tons (down 16.16%) worth $9.58 billion (up 3.45%).

Iran’s exports to OIC stood at 70.94 million tons worth $29.24 billion during the 11-month period, registering a 4.05% decline in terms of weight, but a 16.83% increase in terms of value.