Home » News: South Africa, Mozambique and Ghana leads as African trade with Iran hits $1.27Billion

News: South Africa, Mozambique and Ghana leads as African trade with Iran hits $1.27Billion

by Atqnews
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Islamic Republic of Iran

In the latest data released by the Islamic Republic of Iran Customs Administration (IRICA) show that Iran and African countries traded 2.54 million tons of goods worth $1.27 billion in fiscal 2022-23 registering a 1.61% decline in terms of weight, but a 2.24% rise in value compared with the previous year.

According to Financial Tribune, the value of exports has registered a record high in IRICA database. South Africa with 608,491 (up 9.72%) tons worth $322.04 million (up 23.52%) was Iran’s main trade partner in the African continent during the period. It was followed by Mozambique with 353,448 tons (up 146.27%) worth $190.51 million (up 93.74%) and Ghana with 333,496 tons (down 43.49%) worth $174.15 million (down 51.63%).

READ: Africa: Indian Hiranandani hospital targets East African patients for medical tourism

Data released by the Islamic Republic of Iran Customs Administration show Iran exported 2.45 million tons of goods worth $1.18 billion to the African continent during the year, registering a 2.63% and a 0.48% decrease in terms of weight and value year-on-year, respectively.

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