Iranian exports to Libya drop by 68.8%

Alwasat - Cairo Tue 18 Jun 2019, 11:52 AM
alwasat radio

Iran exported 1,223 tons of non-oil commodities worth $3.47 million to Libya in the last fiscal year that ended on March 20, 2019.

This registered a 96.07% and 68.82% decline in tonnage and value compared with the year before, the latest data released by the Islamic Republic of Iran Customs Administration show.

Iran mainly exported pistachios, raisins, apple juice and floorings to Libya.

Libya was Iran’s 87th export destination in the world during the year.

No imports were registered from Libya to Iran during the period.

Iran's Trade Development Organization reported non-oil exports of $8.4 billion during the period from March 21 to May 20, 2019, up 8.1 percent from $8.1  billion in the corresponding period of 2018.

The Iranian government, under pressure from US sanctions was forced to implement austerity measures and increase reliance on non-oil exports.

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