Iran’s trade with the Association of Southeast Asian Nations (ASEAN) has witnessed strong growth, reaching 2.63 billion USD in eight months to November 22.
Hanoi (VNA) – Iran’strade with the Association of Southeast Asian Nations (ASEAN) has witnessed stronggrowth, reaching 2.63 billion USD in eight months to November 22.
According to the country’s FinancialTribune, Iran exported 1.28 billion USD to while importing 1.34 billion USD ofnon-oil goods from ASEAN nations during the reviewed period.
Thailand was the largest trade partner of Iran among ASEN member nations, with619 million USD in two-way trade, accounting for 24 percent of the country’s tradewith the bloc.
Meanwhile, bilateral trade between the Muslim nation and its second largest ASEANtrade partner – Singapore, in the period, increased by 10 percent year-on-year,achieving 487 million USD.
Iran-Malaysia trade grew by 69 percent to 486.5 million USD, while Iran's tradewith Indonesia and Vietnam amounted to 485 million USD and 325 million USD,respectively.
Iran’s major exports to theASEAN nations were steel, butane, propane and figs. It imported sugar cane,palm oil, soybean, rice, home appliances, and cell phones from the group.
ASEANgroups Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines,Singapore, Thailand and Vietnam.-VNA
Vietnamese Minister of Agriculture and Rural Development Nguyen Xuan Cuong has expressed his hope that trade value between Vietnam and Iran will soon reach 2 billion USD.
Vietnam and Iran should focus on promoting economic and trade cooperation to soon raise two-way trade value to 2 billion USD as agreed by leaders of both sides, said Deputy Prime Minister and Foreign Minister Pham Binh Minh.
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Illustrative image (Source: Internet)
