Iran’s exports to South Africa surges 93%

Iran’s exports to South Africa surges 93%

Oct 20, 2016: The value of Iran’s exports to South Africa rose by $10.4 million in the first six months of the current Iranian calendar year (March 20-Septemebr 21), a 93 percent increase year on year.

During the first six months of the current year, the country exported $21.4 million worth of goods to South Africa while the figure stood at $11 million in the same period last year, FarzadPiltan, Trade Promotion Organization of Iran said. “Petrochemical products, petroleum, ceramic tiles, palm, power transformers, flooring and carpet, pistachio, industrial oils, powder and extract of licorice are among the main items sent to the region,” he said. “Iran’s potentials for exports to South Africa are way beyond the current level and we should take every measure to reach an ideal level” he added. Further in his remarks,Piltan mentioned enhancement of banking relations, establishing shipping lines and direct flights as well as marketing of Iranian products as the necessary steps to be taken to boost the exports to South Africa. The director general also noted that the two countries have put a $2 billion trade turnover by 2020 on the agenda, saying “hopefully in a near future Iranian companies active in various fields such as construction materials, food, petrochemical, pharmaceutical and medical equipment, etc. will have an significant presence in South Africa.”

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