IFP Exclusive

Iran’s trade with SCO member states grew 33% last year: Official

Iran’s bilateral trade with the member states of the Shanghai Cooperation Organization (SCO) grew 33 percent in the last Persian-calendar year (ended March 20), the Islamic Republic of Iran Customs Administration says.

Rouhollah Latifi, spokesman for the Customs Administration, said on Sunday that bilateral trade between Iran and the members of the SCO last year was worth 54,856,000 tons of goods, valued at 37.168 billion dollars.

That marked a 33-percent increase compared to the year before, Latifi said. 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.

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

Iran had the largest imports of its own from, respectively, China, Russia, and India.

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.

IFP Editorial Staff

The IFP Editorial Staff is composed of dozens of skilled journalists, news-writers, and analysts whose works are edited and published by experienced editors specialized in Iran News. The editor of each IFP Service is responsible for the report published by the Iran Front Page (IFP) news website, and can be contacted through the ways mentioned in the "IFP Editorial Staff" section.

Recent Posts

Israel estimates ‘only a quarter of Hamas tunnels in Gaza destroyed’ since start of war

Only a quarter of Hamas tunnels in the Gaza Strip have been destroyed by Israel…

16 minutes ago

Iran showcases 6 achievements on National Nuclear Technology

Iran marked the National Nuclear Technology Day by unveiling six new achievements in the field…

21 minutes ago

Iranians rally for Gaza

Crowds of people held a rally on Tehran's Palestine Square in a show of support…

24 minutes ago

President Pezeshkian says Iran has never sought to build nuclear weapons

Iran's President Masoud Pezeshkian has stated that Tehran has never sought and will never seek…

37 minutes ago

Iran faces nursing crisis as unlicensed Afghan nurses fill hospital gaps

Iranian hospitals are increasingly relying on unlicensed foreign nurses, mainly from Afghanistan, to address staffing…

40 minutes ago

Israel orders closure of UN-run schools in East Jerusalem

Israel has ordered the closure of six schools run by the United Nations agency for…

2 hours ago