TEHRAN-- Iran exported 2.209 million tons of non-oil items valued at $1,093,875,996 to the African nations throughout the period from the start of the present Iranian calendar year (March 21, 2022) as much as December 31, the vice president of Iran and Africa Merchants Club Ruhollah Latifi said.According to Latifi, Iran and Africa traded 2.29 million tons of products worth $1.169 million in the discussed period, IRIB reported.The official said 96.5 percent of the total weight of the traded goods was related to the Iranian exports to Africa, while 93.5 percent of the overall worth was likewise acquired by Iranian exporters.He named South Africa, Mozambique, Ghana, Sudan, and Nigeria as the main export destinations for Iranian products while Tanzania, Kenya, South Africa, Ghana, and Seychelles were the significant sources of imports among the African countries in the duration under review.According to Latifi, following the 13th federal governments policy of multilateralism and attention to brand-new markets, specifically in Asia and Africa, Irans organization relations with African nations have been on the path of growth.The main kept in mind that in 2015 trade between Iran and Africa reached $1.250 billion with a 100 percent development, and considering the existing trend of trade with the African continent the figure is anticipated to reach $1.7 billion by the end of the existing year (March 20).
Head of Irans Trade Promotion Organization (TPO) Alireza Peyman-Pak has stated the nation is taking the necessary steps to increase yearly trade exchanges with African countries to $5 billion by the Iranian fiscal year 1404 (begins in March 2025).
Peyman-Pak said the trade with the mentioned nations is anticipated to reach $2.5 billion by the end of the current Iranian calendar year.Referring to the preparation of the nations trade advancement roadmap at the beginning of the work of the 13th administration, the official said: In this roadmap, major elements including exports and the share of various sectors are defined, and when it comes to Africa, the concerns and targets for trade with different countries and the requirements for reaching these targets are figured out.
Peyman-Pak put the share of African countries in Irans export basket at $1.2 billion, stating: Africas yearly imports total up to about $580 billion and our share of this figure is still small despite all the efforts.
We have handled to export $1.2 billion to this market.
He even more mentioned the capabilities of the discussed continent for the export of technical and engineering services and said: The overall exports of technical and engineering services to Africa is currently $300 billion; But our share last year, regardless of a small boost reached just $200 million, which is still small.
According to the TPO head, in order to increase the level of trade with Africa certain infrastructure including transport and direct shipping lines, in addition to correct legal, industrial, financial, and banking relations must be provided, and TPO has been just recently focusing on supplying such requirements to facilitate trade with Africa.
To resolve the transport issues, 4 countries have been selected in East, West, South, and North of Africa, to release air and shipping lines, he said.EF/ MA