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Iran’s trade turnover with UK announced

Business Materials 17 May 2021 13:52 (UTC +04:00)
Iran’s trade turnover with UK announced

BAKU, Azerbaijan, May 17

By Elnur Baghishov – Trend:

Iran exported 7,290 tons of goods worth $13 million to the United Kingdom over the last Iranian year (from March 20, 2020, through March 20, 2021), Spokesman for the Islamic Republic of Iran Customs Administration (IRICA) Rouhollah Latifi said, Trend reports citing the administration’s website.

According to Latifi, Iran's exports to the UK decreased by $36 million compared to 4 years ago (from March 21, 2017 through March 20, 2018).

The official added that Iran imported 2.76 million tons of goods worth $1.03 billion from the UK in the last Iranian year.

“Iran's imports from the UK fell by 7 percent in terms of value and 10 percent in terms of volume compared to four years ago,” he said.

The spokesman noted that Iran's trade turnover with members of the 5+1 group (Russia, China, the US, France, Great Britain and Germany) amounted to 38.6 million tons worth $24 billion during last Iranian year. So, Iran's exports to these countries amounted to 28 million tons worth $9.83 billion, while imports from these countries amounted to 10.5 million tons worth $14.2 billion last Iranian year.

Latifi said that Iran's trade turnover with these countries has decreased by 19 percent in terms of value and 14 percent in terms of volume compared to four years ago.

As reported, Iran's total foreign trade turnover amounted to about 146 million tons worth $73 billion in the last Iranian year. During this period, Iran exported 112 million tons of goods worth about $35 billion and imported 33.4 million tons worth $38.4 billion.

The nuclear deal between Iran and the 5 + 1 group came into force in 2016. In 2018, the US announced its withdrawal from the deal.

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