TEHRAN - Iran’s cooperative sector exported commodities worth over $3.8 million over the past three years, registering a 24 percent increase.

The exports by the country’s cooperatives reached $1.7 million in the previous Iranian calendar year 1402 (ended on March 19) to register a 29 percent increase compared to a year earlier, ISNA reported.

Also, in the Iranian calendar year 1401. Cooperatives managed to register a 20 percent increase in exports compared to the preceding year.

As reported, food and agricultural products accounted for the biggest share of the exports made by the cooperative sector in the said period.

According to IRICA data, Iran’s exports of non-oil commodities have increased by 40 percent during the mentioned three years.

Iran's non-oil trade surged from $74 billion in 2020 to $116 billion in 2023, marking a 57 percent increase.

IRICA's report shows that the weight of non-oil trade reached 167 million metric tons (mts) in 2023, up from 147 million mts in 2020, representing a 20 percent increase. Additionally, the value of non-oil exports in the mentioned time shows substantial growth, reaching $49 billion in 2023, a 40 percent increase compared to the $35 billion recorded in 2020.

In terms of imports, Iran’s total imports amounted to $66 billion in the previous year. Notably, $2 billion was allocated to the import of gold bars, and $2.6 billion was spent on trucks and truck units, as reported.

Furthermore, Iran’s foreign trade with neighboring countries increased by 10 percent in 2023, surpassing $61 billion.

The transit of goods through Iran saw a significant increase, with 17.8 million mts transited in 2023, representing a 54 percent surge compared to the previous year.

EF/MA