Significant Increase in Iran's Trade with EAEU Member States: Exports Surge by 48% in Weight and 22% in Value

According to a report from IRIB, the value of trade between Iran and the Eurasian Economic Union (AEU) during the first seven months of the current Iranian calendar year (March 21-October 22) has reached $4.258 billion. This information was provided by an official from the Islamic Republic of Iran Customs Administration (IRICA).

Iran (IMNA) - During this timeframe, Iran exported 2.414 million tons of products worth nearly $922 million to EAEU member states. This represents a significant increase of 48 percent in weight and 22 percent in value compared to the same period last year. Omid Golzari, the official quoted in the report, shared these figures.

On the other hand, the Islamic Republic imported 5.696 million tons of non-oil goods worth $3.336 billion from the EAEU countries. This indicates a notable growth of 37 percent in weight and 31 percent in value compared to the corresponding period of the previous year, as stated by Golzari.

Overall, the trade between Iran and the five EAEU member states during the period from March 21 to October 22, 2023, amounted to more than eight million tons of goods valued at over $4.2 billion, according to the official.

The majority of Iran's exports to the EAEU were directed to the Russian Federation and the Republic of Kyrgyzstan, with a respective growth rate of 30 percent and 20 percent compared to the same period last year. Golzari provided this information.

During this period, Iran's exports to Russia exceeded $532 million, while exports to Kyrgyzstan amounted to over $40 million, added the official.

News ID 701794


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