Iran’s exports to member countries of the Eurasian Economic Union (EAEU) increased by 22% in the first 10 months of the current Iranian year (March 20, 2024-January 19, 2025) compared to the same period last year, according to Akbar Godari, director general of Central Asia, Caucasus, and Russia at the Trade Promotion Organization of Iran (TPO).
In an interview with IRNA, Godari stated that Iran’s total exports to these countries reached $1.631 billion during this period, up from $1.338 billion in the same timeframe last year. Meanwhile, imports from EAEU countries fell by 22%, totaling $1.274 billion compared to $1.627 billion last year.
Russia and Armenia were the largest recipients of Iranian exports, with $889 million and $402 million, respectively. In contrast, exports to Belarus and Kyrgyzstan were the lowest, at $17 million and $95 million, respectively.
On the import side, Russia and Kazakhstan were Iran’s primary suppliers. Russia accounted for $1.154 billion of imports, while Kazakhstan’s share was $47 million.
Godari also highlighted Iran’s trade trends with Eurasian countries from the Iranian year of 1400 (ended March 20, 2022) to 1402 (ended March 19, 2024).
In 1400, Iran’s exports to the region stood at approximately $1.165 billion, rising to $1.517 billion in 1401 and $1.702 billion in the Iranian year of 1402. Over the past three years, imports from Eurasian countries totaled around $5.433 billion.
He emphasized that the implementation of a free trade agreement with the EAEU would reduce tariffs, facilitate trade, and increase Iran’s share in the Eurasian market.
Meanwhile, Russian Ambassador to Iran Aleksey Dedov said on Thursday that the free trade agreement between the EAEU and Iran will soon be implemented.
“The free trade agreement between the EAEU and Iran was approved by Iran on March 2, 2025. Thanks to this, we can talk about the start of its implementation in the very near future,” noted the envoy.
The EAEU today is a market of 190 million people with a preferential regime for Iran for importing goods, simplified customs procedures and simple technical regulation, he added, noting that the same goes for the Iranian market for exporters from EAEU countries.
This is an absolutely mutually beneficial subject that meets the interests of the population, Dedov stated.