Iran, OIC Members Trade 61 Billion Dollars in 1 Year
17:00 - April 18, 2024

Iran, OIC Members Trade 61 Billion Dollars in 1 Year

TEHRAN (ANA)- Head of the Islamic Republic of Iran Customs Administration (IRICA) Mohammad Rezvanifar announced that the country and members of the Organization of Islamic Conference (OIC) have traded $61billion in the past Persian calendar year (ended on March 19) showing an 0.19 percent hike compared to a year earlier.
News ID : 5712

Rezvanifar noted that the volume of the trade exchanges between Iran and the OIC member states reached 94 million tons, registering a 4.22 percent decline compared to the previous year.

Iran exported $29 billion of products to these countries and imported $32 billion worth of products from them, he said.

Rezvanifar added that the country’s exports of products to the OIC members last year registered an 11% decline in value while the imports of products from these countries increased 13% compared to a year earlier. 

Among the OIC member states, the UAE, Turkiye, Iraq, Pakistan, Oman, Afghanistan, Malaysia and Indonesia were Iran’s major trade partners, he underlined.

The Organization of Islamic Cooperation (OIC) is the second largest organization after the United Nations with a membership of 57 states spread over four continents.

The Organization is the collective voice of the Muslim world. It endeavors to safeguard and protect the interests of the Muslim world in the spirit of promoting international peace and harmony among various people of the world.

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Tags: Iran OIC trade
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