December 30, 2017 | 21:43 (GMT+7)
Strong growth recorded in Iran-ASEAN trade
Iran’s trade with the Association of Southeast Asian Nations (ASEAN) has witnessed strong growth, reaching 2.63 billion USD in eight months to November 22.
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Photo for illustration: theiranproject.com
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According to the country’s Financial
Tribune, Iran
exported 1.28 billion USD to while importing 1.34 billion USD of non-oil goods
from ASEAN nations during the reviewed period.
Thailand was the largest trade partner of Iran
among ASEN member nations, with 619 million USD in two-way trade, accounting
for 24 percent of the country’s trade with the bloc.
Meanwhile, bilateral trade between
the Muslim nation and its second largest ASEAN trade partner – Singapore,
in the period, increased by 10 percent year-on-year, achieving 487 million USD.
Iran-Malaysia trade grew by 69
percent to 486.5 million USD, while Iran's
trade with Indonesia and Vietnam
amounted to 485 million USD and 325 million USD, respectively.
Iran’s major exports to the ASEAN
nations were steel, butane, propane and figs. It imported sugar cane, palm oil,
soybean, rice, home appliances, and cell phones from the group.
ASEAN groups Brunei, Cambodia,
Indonesia, Laos, Malaysia,
Myanmar, the Philippines, Singapore,
Thailand and Vietnam.
Source: VNA