Iran's trade (excluding crude oil exports) with Caspian Sea littoral states reached 2.97 million tons worth $1.63 billion during the first five months of the current fiscal year (March 21-Aug. 22), registering a 12.42% and 42.27% year-on-year rise in tonnage and value respectively, according to the Islamic Republic of Iran Customs Administration.
Russia was Iran’s main trading partner among Caspian states with 1.68 million tons worth $1 billion during the period under review, registering a 21.48% and a 36.05% increase in terms of weight and value YOY, respectively. It was followed by Azerbaijan Republic with 316,909 tons (down 2.28%) worth $311.31 million (up 70.87%), Turkmenistan with 550,598 tons (down 15.19%) worth $180.44 million (up 33.63%) and Kazakhstan with 420,489 tons (up 47.93%) worth $139.62 million (up 48.26%).
Iran’s exports exceeded 1.6 million tons worth $814.51 million, registering a YOY rise of 3.32% and 41.82% in terms of weight and value respectively.
Azerbaijan was Iran’s biggest export destination with 307,957 tons (down 1.92%) worth $295.98 million (up 76.7%), followed by Russia with 526,181 tons (up 24.08%) worth $291.22 million (up 30.51%), Turkmenistan with 528,527 tons (down 15.58%) worth $166.08 million (up 39.58%) and Kazakhstan with 242,775 tons (up 27.99%) worth $61.2 million (down 5.4%).
Imports from the four countries under review hit 1.37 million tons worth $823.46 million, registering a 25% and a 42.73% growth in terms of weight and value YOY, respectively.
Russia was the top exporter to Iran with 1.16 million tons (up 20.34%) worth $715.36 million (up 38.44%). It was followed by Kazakhstan with 177,713 tons (up 87.92%) worth $78.42 million (up 166.03%), Azerbaijan with 8,951 tons (down 13.3%) worth $15.32 million (up 4.34%) and Turkmenistan with 22,070 tons (down 4.9%) worth $14.36 million (down 10.49%).
Iran’s trade with Caspian states hit 7.91 million tons worth $3.48 billion in the fiscal 2021-22 (ended March 20), up from 6.24 million tons worth $2 billion in fiscal 2020-21.