Iran Adds Africa to Its List of Saviours, as Exports Increase by 17 Percent

Published November 12th, 2018 - 08:50 GMT
A senior Iranian trade official announced that the country has increased its exports to the African states to a considerable extent. (Shutterstock)
A senior Iranian trade official announced that the country has increased its exports to the African states to a considerable extent. (Shutterstock)

A senior Iranian trade official announced that the country has increased its exports to the African states to a considerable extent.

"Iran's exports to the African states in the first six months of the current (Iranian) year (started on March 21) amounted to $397mln which shows a 17% increase compared with the same period last year," Director-General of the Trade Promotion Organization's office for Arab-African Affairs Farzad Piltan said on Sunday.

He explained that the African states that imported oil and non-oil products from Iran in the period included Egypt, Kenya, Sudan, South Africa, Tunis, Morocco, Mozambique, Tanzania, Djibouti and Somalia.

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In relevant remarks in April, Piltan said that the value of trade between Iran and African countries increased by 23% in the past Iranian calendar year (ended on March 20, 2018), compared to its preceding year.

He added that the value of exports to African nations stood at about $752 million last year, $142 million more than the figure for its preceding year.

Egypt, Kenya, Sudan, South Africa, Tanzania, Mozambique, Somalia, Djibouti, Morocco and Nigeria were Iran’s top African trade partners.


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