Iran’s exports to the Eurasian Economic Union’s member states reached 3.09 million tons worth $1.34 billion during the current Iranian year’s first 11 months (March 21, 2022-Feb. 19).
The figure registered a 24.69% year-on-year increase in value, latest data released by the Islamic Republic of Iran Customs Administration show.
Russia with 1.27 million tons worth $672.83 million (up 22.79%), Armenia with 1.3 million tons worth $422.09 million (up 51.43%) and Kazakhstan with 443,927 tons worth $173.72 million (up 3.73%) were the top export destinations.
Imports hit 2.38 million tons worth $1.48 billion during the same period to register a 62.44% decrease in value.
Russia was also the main exporter to Iran with 2.08 million tons worth $1.3 billion (down 63.42%). It was followed by Armenia with 265,089 tons worth $119.26 million (down 65.16%) and Belarus with 15,601 tons worth $38.55 million (up 38.84%).
Total trade between Iran and EAEU reached 5.47 million tons worth $2.83 billion during the period, registering a 43.73% drop in terms of value compared with the corresponding period of last year.
Russia was the main trade partner with more than 3.36 million tons worth $1.97 billion. It was followed by Armenia with 1.31 million tons worth $434.43 million and Kazakhstan with 709,016 tons worth $292.99 million.
In 2021, bilateral trade increased by 73% compared to 2020 and exceeded $5 billion, as exports of EAEU member states more than doubled (from $1.65 billion to $3.42 billion), and imports went up by 29% (from $1.25 billion to $1.6 billion).