Iranian exports to Algeria increase by 109%

By Al Mayadeen English
Source: Agencies
9 Jul 2023 15:46
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Non-oil exports from Iran to Algeria records the highest in over 14 years.

The Iranian flag is pictured along the Doha Corniche, Qatar February 3 2022 (AFP)

Iran has experienced a significant surge in non-oil exports to Algeria, amounting to over $1.1 million over the span of the past three months (March to June) marking a remarkable 109% increase compared to the same period last year, Tasnim reported citing Seyed Rouhollah Latifi, Vice President of the Iran and Africa Merchants Club.

Latifi emphasized the constructive role played by Algeria in Iran's contemporary history and underscored the potential for enhanced economic ties between the two nations, given their cultural-religious similarities and shared history of anti-colonialism.

He noted that this export figure is the highest recorded in over 14 years.

Turning to Iran's trade with African nations at large during the past 3 months, Latifi provided further insights.

He stated that a total of 327,000 tons of non-oil products, worth $122.751 million, were exported from Iran to 36 African countries. Additionally, Iran imported 13,861 tons of non-oil products, worth $17.263 million, from 17 African countries.

Yesterday it was reported that Iranian President Ebrahim Raisi is scheduled to head on an African tour as part of Iran's strategy to strengthen relations with friendly nations.

The tour will include visits to Kenya, Uganda, and Zimbabwe. President Raisi will hold discussions with his counterparts to explore opportunities for enhancing trade and political ties.

The visit, which will span three days, will involve meetings with high-ranking delegations, press conferences, and the signing of cooperation agreements.

President Raisi will also engage with local business leaders, economic actors, and officials to tap into shared economic and trade potentials.