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Exports to Somalia up by 38%

Iran’s Trade Promotion Organization announced that volume of Iran’s exports to Somali had risen by 38 per cent in the previous Iranian year

Exports to Somalia up by 38%
(Tuesday, August 29, 2017) 10:49

“Last year, the country’s exports to Somalia, situated in the Horn of Africa, grew by 38% as compared to the earlier year,” noted Farzad Piltan, Director General of the Arab-African States Department at Iran Trade Promotion Organization.

The official underlined that Iran’s exports to Somalia had stood at 22 million dollars two years ago while the figure increased by eight million dollars last year climbing to 30 million dollars.

Major items deployed to the African country included vinyl-polychlorine, white cement, biscuits, cooked dough, ceramic tile, bitumen, retail drugs and cast iron cutlery.

“The rise in trade volume with Somalia has been due to increased exports of products like White cement, tile, chocolate and minerals,” underscored Piltan.

He went on to stress that a number of new items were also purchased by Somalia in the past year including vinyl-polychlorine, long hydraulic furnace cement, ironware, ampicillin trihydrate, polypropylene and beverages.

“Iran had no imports from Somalia in the previous Iranian calendar year,” Iran’s TPO vice-president concluded.

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