Iran exports non-oil goods worth $61.4m to Tanzania in 7 months

Iran exported non-oil commodities valued at $61.4 million to Tanzania during the first seven months of the current Iranian calendar year (March 21-October 22), the spokesman of Trade Development Committee of Iran’s House of Industry, Mining and Trade announced.

Ruhollah Latifi also announced that the Islamic Republic imported products valued at $5.4 million from Tanzania in the seven-month period.
Among the African trade partners of Iran in the first seven months of this year, Tanzania was the third export destination of the Iranian products, and the fourth source of import to the country, he added.

As the official has announced, Iran exported 1.205 million tons of non-oil commodities valued at $434 million to Africa during the first seven months of the current Iranian calendar year.
Latifi said that the country’s seven-month export to Africa fell 53 percent in value, and 33 percent in weight, year on year.
The official also announced that Iran imported 38,122 tons of goods valued at $47.434 million from Africa in the first seven months of the present year, with 21 percent drop in worth and 42 percent fall in weight, as compared to the same period of time in the past year.

Over the past 40 years, the Islamic Republic of Iran has never given up on its principled policy towards Africa due to political and cultural commonalities, despite the sanctions, pressure and disruptions of the West, and has always maintained itself alongside the people and countries of Africa.

As reported, during the Iranian calendar years 1384 and 1385 (March 2005-March 2007), the relations between Iran and the African continent increased in terms of trade, but since 1386, the economic relations between Iran and Africa have decreased due to the economic crisis and cruel sanctions against Iran.

Surveys show that in the past years, due to the lack of restoration of economic relations with Africa, the amount of trade with the countries of this continent has remained at the level of $1.2 billion, but according to Mohammed-Sadeq Qanadzadeh, the director general of the Africa Department of Iran’s Trade Promotion Organization (TPO), facilitating the trade route with Africa is happening now and it is expected that the trade figure with this continent will reach $10 billion in the next three years.

In fact, good steps have been taken to use Africa’s capacity, and Africa can be a suitable market for Iranian goods, Qanadzadeh stated.
Last year, the official referred to the beginning of the 13th government’s measures to develop relations with the African continent, and said: “Over the past [Iranian calendar] year 1400 (ended on March 20, 2022), a series of measures have been initiated, which were resulted in the visit of about 60 African trade delegations, active presence in the exhibitions of this continent, the opening of 10 trade centers, and the dispatch of three commercial attachés.

“As the result of these measures, Iran’s trade with Africa experienced a 100-percent growth from $650 million in the Iranian year 1399, and also in the first nine months of the year 1401, Iran-Africa trade was equal to the total trade of the previous year, and we also experienced a growth of about 700 percent in the export of technical and engineering services”, he added.

Also as announced by Ruhollah Latifi, the value of trade between Iran and Africa rose two percent in the past Iranian calendar year 1401 (ended on March 20).
He put Iran-Africa annual trade at 2.545 million tons worth $1.278 billion.

Iran exported 2.452 million tons of products valued at $1.183 billion to 49 African countries in the past year, showing one percent fall, and imported 92,898 tons of goods worth $95.316 million from 23 African countries, indicating 59 percent growth, year on year, according to Latifi.

Iranian Deputy Foreign Minister for Economic Diplomacy Mehdi Safari has said that the economies of Iran and the African continent are complementary to each other, and due to their abundant capacities, significant achievements can be achieved in this due.

He made the remarks at the Scientific and Economic Cooperation Meeting Between Iran and West African Countries (IRAN WAC) which was held in Tehran in mid-March.