Iran and the Eurasian Economic Union member states traded more than 1.4 million tons of goods worth $697 million during the first quarter of the current Iranian year (March 21-June 21), data released by the Islamic Republic of Iran Customs Administration show.
Iran’s exports to the bloc stood at 681,000 tons worth $233 million during the period, registering a 4% rise in tonnage but 11% decline in value compared with the similar period of last year.
Russia was Iran’s biggest export destination among EEU states with 303,000 tons worth $115 million, registering 14% and 23% rises in weight and value respectively year over year, IRIBNews reported.
Following were Armenia with 197,000 tons worth $73 million (down 6% in tonnage but up 18% in value), Kazakhstan with 163,000 tons worth $34 million (up 25% in tonnage but down 13% in value), Kyrgyzstan with 10,000 tons worth $7 million (down 22% and 62% in tonnage and value respectively), and Belarus with 9,000 tons worth $4 million (up 282% in tonnage but down 24% in value).
Iran’s imports from EEU countries stood at 748,000 tons worth $464 million during the three months under review, indicating 32% and 34% rises in weight and value respectively compared with the corresponding period of last year.
Russia also topped the list of exporters with 586,000 tons worth $394 million, registering 14% and 23% YOY rises in tonnage and value respectively.
Following were Kazakhstan with 160,000 tons worth $66 million (up 212% and 277% in tonnage and value respectively), Armenia with 2,000 tons worth $1 million (up 41% in tonnage but down 38% in value), Kyrgyzstan and Belarus with 1,000 tons worth $1 million each (45% decline in tonnage and a 3% rise in value was registered for the former as 13% and 62% respective decline in tonnage and value was registered for the latter).
The IRICA data show Iran registered $231 million in trade deficit with EEU in Q1.