Iran-Japan Trade Reaches $14bln

A01955086.jpgTEHRAN (FNA) – Trade between Iran and Japan rose up to USD14 billion in 2007, Japanese Finance Ministry reported.

Trade between the two countries had exceeded USD12 billion in 2006 and it enjoyed a significant growth in 2007, IRNA said quoting Japanese Finance Ministry.

Iran’s share of the total daily imports of crude oil to Japan had a 0.64 percent rise in 2007 compared with that of 2006.

According to the statistics, Iran has been the third rank supplier of crude oil to Japan.

Saudi Arabia and the United Arab Emirates are the first and second countries exporting oil to Japan respectively.

The average volume of daily crude oil export to Japan has enjoyed 16,000 barrels increase in 2007 compared with 2006.

IRNA reporter in Tokyo said that in light of the Iran-Japan excellent political and economic ties, Japan can trust Iran as major crude oil supplier for its energy security would it play more active role in Iranian oil fields.

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