TEHRAN – Iran’s 10-month trade with the members of the Shanghai Cooperation Organization (SCO) has increased by 41 percent in terms of weight and 5.5 percent in value compared to figures reported in last year’s corresponding period.

Iran has exchanged some 64.3 million tons of non-oil products valued at $37.1 billion with the SCO member states in the first 10 months of the current Iranian year (March 21, 2023-January 20, 2024), according to Ruhollah Latifi, the spokesman of the International Relations and Trade Development Committee of Iran's House of Industry, Mining, and Trade.

During the mentioned period, Iran exported 54.5 million tons of goods worth $18 billion to the SCO members, registering a slight 1.0 percent rise year-on-year.

Latifi noted that Iran’s exports to the bloc accounted for 48.2 percent of the weight and 44.4 percent of the value of the country’s total exports in the said 10 months.  

China, India, Pakistan, Afghanistan, and Russia were the top five destinations for Iranian export products in the mentioned period, followed by Uzbekistan, Tajikistan, Kazakhstan, Kyrgyzstan, Belarus, and Mongolia.

Iran also imported 9.7 million tons of products at a value of $19.1 billion from SCO in the said timespan, registering 17.9 and 10.5 percent rises in weight and value, respectively.

He highlighted that the imports from SCO members accounted for 29.7 percent of the weight and 35.2 percent of the value of Iran’s total imports in the period under review.

China, India, Russia, Pakistan, and Uzbekistan were the first five countries supplying the goods needed by Iran in the first 10 months of the current year.

Tajikistan, Kazakhstan, Belarus, Afghanistan, Mongolia, and Kyrgyzstan were also among the top exporters to Iran.

EF/MA