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Home World Business

Iran’s Trade Volume With Singapore Up 7.8%

byCT Report
30/04/2019
in World Business
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Iran traded 2.48 million tons of non-oil commodities worth $948.72 million with Singapore during the last Iranian year (ended March 20, 2019), registering a 7.84% growth in tonnage and 4.5% decrease in value compared with the year before, latest data released by the Islamic Republic of Iran Customs Administration show.

Iran’s exports to Singapore stood at 48,558 tons worth $37.61 million, down 45.45% and 11.64% in tonnage and value respectively year-on-year.

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Singapore was Iran’s 43rd export destination during the year.

Iran mainly exported mineral oils, chemicals, pistachios and floorings to Singapore during the 12-month period.

Singapore exported 2.43 million tons of goods worth $911.1 million to Iran, up 9.98% in tonnage and down 4.18% in value YOY. Singapore was the 13th exporter of goods to Iran over the year.

The imports mainly included field corn, palm oil, soybean and semi- and wholly-milled rice.

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