Iran-Thailand Trade Exchanges Experience 57% Growth

news414.jpgTEHRAN (Fars News Agency)- The Islamic Republic of Iran and Thailand experienced a growth rate of 57.85% in their trade exchanges during the first 10 months of the year 2006, Iran’s ambassador to Bangkok Mohsen Pak Ayeen said on Saturday.

“According to the statistics and data released by Thailand’s commerce ministry, the two countries’ trade exchanges amounted to USD 488.5 million in the first 10 months of 2006, showing a 57.85% of growth compared with the same period in 2005,” he continued.

Iran-Thailand exchanges reached USD 309.5 million in the first 10 months of 2005.

The envoy also added that of the said figure USD 438.7 million pertained to Thailand’s exports to Iran, which compared with the USD 275 million in 2005 shows an increase of 59.56%.

In return, Iran’s exports to Thailand in the first 10 months of 2005 and 2006 amounted to USD 34.5 million and 49.8 million respectively, which means 44.22% of growth.

While rice, radio and TV parts, air conditioning components and parts, synthetic textile, rubber, iron and steel products, color TV tubes, paper, rubber products, microwave and electronic products comprised Thailand’s first ten items exported to Iran, chemical materials, iron, steel and related products, mineral metals, fresh, frozen and processed aquatic and sea species and products, machineries and parts constituted Iran’s first five export items to Thailand, Pak Ayeen mentioned.

According to the Iranian ambassador to Thailand, the two countries’ trade exchanges are predicted to amount to over USD 600 million by the end of 2006, given the trade potentials and capabilities existing in the two countries.

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