Iran-D8 Trade Exchange Hit $2.5b

Tehran, Iran | March 18, 2008 by D-8 Secretariat

Iran`s trade exchange with the 8 developing countries (D-8) is valued at some $2.5 billion during a period of 10 months.

The Islamic Republic of Iran`s trade exchange with the D-8 states has been valued at 4 billion and 10 million and 526 thousand dollars from March to December 2007. The figure shows an increase of 483 million and 274 thousand dollar. During the above mentioned period, Iran has exported some 882 million and 116 thousand dollars of its goods and products to the countries and the figure shows a 22.6 percent growth over the same period in the 2006.Iran`s export to the countries in the same period in 2006 had been estimated some 719 million and 734 thousand dollars.

Ethylene had been the main exported item and some 115 million and 366 thousand dollars of the product have been exported to the D-8 countries from Iran. Vehicles ($693. 615 million), fresh and dried pistachio ($53.386million), paraxylene ($37.101 million) and polyethylene ($23.605 million) are among the other Iranian products exported to the above mentioned countries. In turn, Iran`s imports from the countries have been valued at 1 billion and 611 million and 684 thousand dollars during the same period.

Cigarette ($64.134 million), fiberboard ($55.679), paper and cardboard ($51.248 million), rice ($36.849), iron and steel pipes ($35.373 million) are among the main products imported to Iran from the D-8 countries. In the figures, among the countries, Turkey has been ranked first in terms of exports to Iran.

Turkey`s exports to Iran have been valued at $931.317 million in the same period. Malaysia ($315.723 million), Indonesia ($197,267 million), Pakistan ($101.201 million), Bangladesh ($41.535 million), Egypt ($24.577 million), Nigeria ($ 63 thousand) are ranked next.

Iran`s export to Turkey has been valued at $444.703 million. The Islamic Republic`s exports to the other countries are as follow: Pakistan, $215.899 million, Bangladesh $14.401 million, Egypt $16.292 and Nigeria $11.427.

The increase of trade exchange between Iran and Turkey reflects the significant improvement in economic relations between the two countries during the recent years. The Turkish Petroleum Company (TPAO) voiced interest last month in investing in Iran`s South Pars gas-field. Turkey`s Energy Minister, Himli Guler, also announced in February that his country planned to cooperate with Switzerland in the construction of a gas pipeline to transport Iran`s natural gas to Italy.

News Constributor: TarkishNet

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