TEHRAN - The value of Iran’s e-commerce transactions has tripled over the past two years, according to the head of Iran’s E-Commerce Development Center.

Amin Kolahdouzan said the value of e-commerce transactions in the country surpassed 32 trillion rials (about $60 million) in the previous Iranian calendar year which indicates a giant leap in this sector, IRNA reported.

Referring to the latent capacities in the e-commerce sector, Kolahdouzan said: The latent and unused capacities should be taken into consideration by changing approaches and using innovations so that we can use the existing potentials in the best way.”

Back in August, Kolahdouzan said the E-Commerce Development Center is targeting to triple the value of e-commerce exchanges in the country in the next five years.

“It is planned to triple the value of e-commerce transactions at the end of the center's five-year plan, and we hope that the set goal of 90 trillion rials (about $180 million) will be achieved,” the official said.

Earlier in October 2023, Kolahdouzan said the volume of e-commerce transactions in the country increased by 75 percent in the first six months of the previous Iranian calendar year (March 21-September 22, 2023) as compared to the previous year’s same period.

Speaking at a ceremony held on the occasion of National E-commerce Day in Tehran, the official said: “In the first six months of this year, we had a very significant growth in the field of e-commerce compared to the same period last year.”

Global statistics show that the value of e-commerce in the world was 4.213 trillion dollars in 2020 and reached 4.921 trillion dollars in 2021, which indicates a 17-percent yearly growth.

In late November 2021, the former head of E-Commerce Development Center had said almost all the procedures related to the country’s foreign trade were being carried out electronically and the center was seeking to make them all electronically.

According to Ali Rahbari, the E-Commerce Development Center seeks to minimize the role of the human factor in operations with the smartening of trade systems.

EF/MA