10-year review of Iran-Africa trade

Financial Tribune – A review of Iran’s commercial exchanges with African countries during the 10 years to March 20, 2019, shows Iran witnessed the highest level of trade in the fiscal 2017-18 at $1.2 billion.

According to Director General of Trade Promotion Organization of Iran’s Arab-African Office Masoud Kamali Ardakani, Iran exported $642 million worth of commodities to Africa last year (March 2018-19) and imported goods worth $16 million from Africa in return.

Iran accounted for 0.12% of Africa’s total trade with the world last year, Fars News Agency reported.