Iran’s exports to Russia has posted a 30% year-on-year growth in the past Iranian calendar year to March 20, according to a senior official with the Trade Promotion Organization of Iran (TPO), ISNA news agency reported.
The TPO official says that Iran exported some $745 million worth of commodities to neighboring Russia in the one-year period up 30% from figures reported a year before.
Rahmatollah Khorali, the director of TPO department for Central Asia, Caucasus, and Russia Affairs, said on Saturday that Iran’s exports to Central Asian and Caucasus countries and Russia hit $3.2 billion last year which shows an 18% rise year-on-year.
He put Russia on top of the importing countries from Iran in this region with $745 million of imports in the year under review, followed by Azerbaijan, Armenia, Turkmenistan and Uzbekistan with 650, 465, 460 and 290 million dollars of imports respectively.
The official also noted that Iran’s exports to the mentioned countries had registered a 40% increase in the year before.