Trade exchanges between Iran and the Central Asian countries account for an only 1% of Iran’s foreign trade, a recent report says.
Tehran Chamber of Commerce, Industries, Mines, and Agriculture (TCCIMA) has recently released a report on Iran’s trade with five Central Asian countries – namely Uzbekistan, Kazakhstan, Turkmenistan, Tajikistan and Kyrgyzstan – which said Iran’s volume of trade with these countries is not significant although it has recovered from a pandemic slump.
The report puts Iran’s trade with the five countries at around $1.5 billion in 2022 which is up 8% year-on-year. It noted that Iran’s imports from Central Asia grew 26% in 2022 with its exports to the five countries rising 3%.
The increase in 2022 was largely due to 89 and 106 percent rises in Iran’s imports from Kazakhstan and Tajikistan respectively, the report said.
It added that Turkmenistan has been the main destination for Iranian exports among the Central Asian countries in 2022 accounting for 38% of the total value of Iran’s exports to the five countries.