Code: 1177007 A

Bilateral trade between Iran and South Korea reached at lowest level

Secretary of Iran-South Korea Joint Chamber of Commerce Pouya Firouzi says the trade between Iran and South Korea is at its lowest level and Iran’s exports to South Korea have been around $54m in eight months in the current Iranian calendar year and the figure does not worth mentioning comparing to the previous billion-dollar trade volumes in the past.

Bilateral trade between Iran and South Korea reached at lowest level

Speaking to ILNA news agency, Firouzi said that the current trade between the two states is at its lowest level and in the first eight months of this year Iran’s exports to South Korea have been around $54m and in return the country has imported goods worth of $350m from Korea but one should take into consideration that the current trade figure does not worth mentioning when their trade volume in the past has been over billions of dollars.

He then referred to imported and exported goods in the trade of the two states and said Iran’s imports from South Korea have been mostly goods related to medical, dentistry, pharmaceutical and hygienic fields and the country’s exports to Korea have been mostly minerals.

On the frozen assets of Iran in South Korean banks, he said the talks between the governments of the two countries are underway and the private sector is not involved in the talks and it just waits for the result of talks.

According to reports, the exports of Iran to South Korea in the first half of 2017 were over $2b while its imports were $1.51b.

END

Frozen assets South Korea Iran’s exports bilateral trade
Send Comment