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Economy
2021-November-25  17:13

Iran Boosts Exports to ECO States

TEHRAN (FNA)- Iran's customs office announced that the country's exports to members of the Economic Cooperation Organization (ECO) have increased 60% in the past 7 months compared with the same period last year.

Iran has maintained a trade surplus of $2.8 billion with the ECO members in the seven months to late October, customs office Spokesman Rouhollah Latifi said on Wednesday.

He added that Iranian exports to the 10-member ECO bloc had amounted to over $6 billion in the seven months to October 22, an increase of 60% compared with the same period last year. 

Latifi said the value of exports to ECO countries over the period had exceeded figures seen before the coronavirus hit trade in the region in 2019. 

He said exports to Turkey had been responsible for 56% of all shipments sent to the ECO bloc at nearly $3.4 billion. Exports to Afghanistan and Pakistan reached $1.12 billion and over $655 million, respectively, added the official. 

On Imports from ECO, Latifi said that shipments had increased by 31% year on year in March-October to more than $3.3 billion with Turkey being the largest supplier at $2.861 billion. 

Iran is a founding member of ECO, an organization which has sought to promote sustainable economic development for member states in a region beset by violence and political rivalries over the past decades.

The organization consists of Afghanistan, Azerbaijan, Iran, Kazakhstan, Kyrgyzstan, Pakistan, Tajikistan, Turkey, Turkmenistan, Uzbekistan.