An official at Iran’s House of Industry, Mine and Trade said the trade exchanges between Iran and the Shanghai Cooperation Organization (SCO)’s member states in the first 10 months of the current Iranian calendar year (started March 21, 2023) reached $37 billion.

According to The Iran Project,The trade exchanges between Iran and SCO’s member states from March 21, 2023 to January 22, 2024 registered a 41 and 5.5 percent growth in volume and value respectively compared to the same period last year, the spokesperson of Iran’s House of Industry, Mine and Trade for Trade Promotion and International Affairs Commission noted.

Regarding Iran’s non-oil trade with the member states of the organization, Rouhollah Latifi said more than 64 million tons of non-oil goods, valued at over $37 billion, were exchanged between Iran and 11 member states of the Shanghai Cooperation Organization from March 21, 2023, to January 22, 2024.

According to him, Iran exported 54.5 million tons of non-oil goods, valued at $18 billion, to the member states of the organization, showing a 1 and 48.2 percent hike in value and volume respectively compared to last year’s corresponding period, IRNA reported.

In this period, Iran imported 9.7 million tons of goods, valued at more than $19 billion, from the 11 member states of the SCO, indicating a 17.9 and a 10.5 percent growth in volume and value respectively compared to last year’s corresponding period, the spokesperson added.

He went on to say that Iran exported $11.5 billion, $1.8 billion, $1.7 billion, $1.5 billion, and $760.4 million worth of products to China, India, Pakistan, Afghanistan and Russia respectively.

China, India, Pakistan, Afghanistan and Russia were Iran’s first to fifth export target markets in this period, Latifi added.