Trade between Iran and Africa grew by 66% in nine months
Read more
Tehran Times
www.tehrantimes.com

Trade between Iran and Africa grew by 66% in nine months

The Minister of Agriculture reported on the trend of increasing trade turnover between Iran and African states. According to customs exchange statistics, during the first nine months of the Iranian calendar year 1404 (the period from March 21 to December 21, 2025), the volume of trade between Iran and Africa reached approximately 940 million US dollars. This demonstrates an increase of 66% compared to the same period last year.

Speaking at the First National Council on Agricultural Cooperation between Iran and Africa, the minister noted that despite the significant growth, the current trade volume still falls far short of the potential of the vast African market, which has over a billion people. He emphasized that although the figure is small, the direction of movement is correct, and economic interaction between the parties requires expansion through careful planning.

Nouri Kazeljeh, commenting on the share of agricultural products in Iran-Africa trade, stated that about two-thirds of Iran's imports from Africa consist of food and agricultural products. Therefore, cooperation in this area should not be limited to unilateral trade; instead, it should develop towards creating joint value chains, mutual investments, and technology transfer.

The Minister of Agriculture also highlighted the priority of eliminating administrative obstacles and strengthening ties between responsible institutions. He added that for sustainable cooperation, economic actors require clear procedures, reliable logistics, practical payment mechanisms, insurance and investment coverage, as well as predictable regulation. In this regard, opportunities for bilateral agreements and regional mechanisms can be considered in the areas of tariffs and trade facilitation, with the participation of relevant bodies.

Nouri Kazeljeh, emphasizing the need for continuous monitoring of the elimination of administrative barriers, stressed that the problems of each project must be clearly defined and documented, a responsible party must be assigned to accompany them, and the progress of work must be evaluated within established deadlines.

At the beginning of the First National Council on Agricultural Cooperation, the minister particularly highlighted the opportunities for joint agricultural partnership with Africa that need to be transformed into concrete, actionable, and long-term economic ties. The council was attended by ambassadors, economic advisors, honorary consuls, executive body officials, economic associations, entrepreneurs, investors, and over 200 economic participants. The minister noted that such broad participation provided a valuable opportunity to translate the political will to expand Iran-Africa relations into concrete projects and strong economic partnerships.

Similar stories

Uzbekistan's foreign trade revenue reached $65.4 billion in 9 months
Read more
sputniknews.uz

Uzbekistan's foreign trade revenue reached $65.4 billion in 9 months

According to the National Statistical Committee, Uzbekistan's foreign trade revenue for the period from January to September 2026 amounted to $65.4 billion. This figure exceeds the same period in 2025 by $3.9 billion, which represents a growth of 6.3 percent.

However, the main growth was driven by imports. Imports increased by $5.36 billion compared to last year, reaching $39.6 billion. At the same time, exports decreased by $1.49 billion, totaling $25.8 billion.

As a result of this imbalance, the negative balance in foreign trade reached $13.7 billion. Nevertheless, if gold is excluded, the export of goods grew by 31.6% compared to the previous year, reaching $13.3 billion.

Imported goods prices in Cabo Verde rose by 25.7% in September
Read more
noticiasaominuto.com

Imported goods prices in Cabo Verde rose by 25.7% in September

The National Institute of Statistics (INE) of the archipelago announced that prices for imported goods in Cabo Verde increased by 25.7% in September compared to the same period last year.

According to the Foreign Trade Price Index, the prices of imported goods rose by 25.7% compared to September 2025.

The largest growth was observed in the fuel segment, where prices increased by 56%, as well as in the category of processed agricultural products, whose import prices rose by 32%, and in engines for transport materials, which showed an annual increase of 24%.

Meanwhile, prices for basic and processed food products remained almost unchanged compared to September 2025.

Indicators reflecting the prices of imports to Cabo Verde showed a decline until February, after which the trend changed, and prices began to rise.

The information provided by INE was obtained through the General Customs Administration.

Demand for export freight transport in Uzbekistan grew by 29% in the third quarter
Read more
uzdaily.uz

Demand for export freight transport in Uzbekistan grew by 29% in the third quarter

The demand for export freight transport services from Uzbekistan continues to grow. According to the report from the logistics service ATI.SU, in the third quarter of 2026, requests for international goods transportation increased by 29% compared to the same period last year, while freight rates rose by 10%.

In the first nine months of the current year, the number of requests for export transportation increased by 11%, and this growth was maintained across all three quarters. The most significant increase was recorded on the route to Belarus, where the demand for cargo delivery jumped by 80%. The number of applications for shipments to Russia increased by a quarter.

The import freight transport market showed less stable dynamics. Since the beginning of the year, the total number of orders across all directions increased by 16%, but in the third quarter, this figure decreased by 8%. Activity noticeably dropped in July and August, but in September, the number of requests for import transportation increased by 39%.

For the Russian direction, the number of orders almost doubled in the first month of autumn. Nevertheless, due to lower activity in the two previous months, the quarterly figure for this route decreased by 4%. Import freight rates rose by only 2% over the year.

Domestic freight transport also demonstrated a positive trend. In the third quarter, requests for domestic cargo delivery within Uzbekistan increased by 12% compared to the second quarter.

ATI.SU notes that the presented figures reflect not only market conditions but also the expansion of the platform's user base. Uzbek carriers and clients are increasingly moving from manual procedures to digital services.

Farid Vakhidov, head of the ATI.SU representative office in Uzbekistan, explained the slowdown in activity on the Russian route during the summer due to the fuel crisis, which particularly affected imports from Russia. According to Vakhidov, the diesel fuel situation improved in September, which largely explains the sharp recovery in demand in this direction.

Popular