Iran's exports to Africa down

Business Materials 23 April 2021 15:12 (UTC +04:00)
Iran's exports to Africa down

TEHRAN, Iran, Apr. 23


Director General of the Arab-African Office of the Trade Promotion Organization of Iran Farzad Piltan announced that export of Iranian products to the African continent decreased by 14 percent in terms of value and 8 percent in terms of weight, compared to previews year, Trend reports via ILNA.

“According to statistics of the Customs Administration of the Islamic Republic of Iran, exports of Iranian products to Africa last Iranian year (March 20, 2020 to March 21, 2021) was about 2.3 million tons, worth $578 million,” Piltan said.

He went on to say that during the last Iranian year (March 20, 2020 to March 21, 2021), Ghana with $178 million, Algeria with $123 million, Kenya with $50 million, South Africa with $37 million, Somalia with $26 million, Tanzania with about $24 million, Cameroon with $22 million, Mozambique with $19 million, Nigeria with $17 million and Ivory Coast with $11 million were among Iran's top 10 importers in Africa.

“A study of Iran's export conditions in 2020 shows that the trade between Iran and the African continent has decreased due to the intensification and expansion of US unilateral sanctions, the outbreak of the coronavirus, as well as partial closure of trade relations globally,” he said. “

Referring to the source of Iran-African countries’ trade problems, Piltan said that from the Iranian side, the issues include: lack of close communication and knowledge of African markets by the private sector, lack of planning and the possibility of high marketing costs, lack of direct presence in African markets, lack of approaches In the long run and the lack of appropriate infrastructure such as banking relations, transportation.