Iran’s Exports of Non-Oil Products to Syria Up 36%

Director-General of Trade Promotion Organization of Iran (TPO)’s Office of Arabian and African Countries Farzad Piltan on Saturday put Iran’s export of non-oil products to Syrian Arab Republic at 36% in the first four months of the current year. Piltan said that country’s export of products to Syria in the first four months of the current Iranian calendar year (from March 21 to July 21) registered a 36% hike as compared to the last year’s corresponding period. Turning to this point that Iran stands at 7th rank among exporting countries of goods to Syria, Piltan said that Iran accounts for only 3% of export share in the Syrian market. The Islamic Republic of Iran exported about 38,000 tons of goods, valued at US$66 million, to the Syrian Arab Republic from March 21 to July 21, 2021, he added.

Piltan went on to say that Iran exported 51,000 tons of non-oil products, valued at US$48.5 million, to Syria in the first four months of the previous Iranian calendar year (from March 21 to July 21, 2020). Accordingly, Iran’s export of products to Syria in the first four months of the current year showed a 36% hike in terms of value and 26% decline in terms of volume as compared to the same period of last year. He then pointed to the spread of coronavirus, COVID-19, pandemic as the main reason behind trade decline between the two countries and expressed hope that the country’s export to Syria would increase in coming months. - Kayhan