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Iran’s exports via suitcase trade to Azerbaijan increase by 25%

Business Materials 12 April 2015 17:46 (UTC +04:00)

Baku, Azerbaijan, Apr. 12

By Umid Niayesh - Trend:

Iran exported $44.632 million worth of goods to Azerbaijan via the suitcase trade during the last Iranian fiscal year (ended on March 20), which indicates an increase by 25.5 percent compared to the preceding year.

The Islamic Republic has exported goods worth $25.37 million via Astara, $12.31 million via Bilasuvar, $6 million via Julfa, and $952,000 via Poldasht custom checkpoints to Azerbaijan during the mentioned period, the Iranian Custom Administration said.

Exports in the form of suitcase trade through Julfa, Bilasuvar and Astara witnessed an increase by 33.13 percent, 66.43 percent and 34.93 percent respectively, meanwhile the exports via Poldasht custom checkpoint has fallen by 80.31 percent year on year.

Iran has exported $82.814 million worth of goods to the Commonwealth of Independent States (CIS) via the suitcase trade in last fiscal year which is 18.4 percent less compared to the preceding year.

The figure shares only 0.23 percent of the total export value of the country during the 12-month period.

During the former Iranian fiscal year (ended on March 20, 2014), the same trade was worth $101.46 million which was 26.92 percent more than the suitcase trade exports in the preceding year.

The Islamic Republic's non-oil exports (excluding condensates) stood at $35.74 billion during last fiscal year, while imports accounted for $52.477 billion.

Iran's overall non-oil trade turn over including condensates stood at $102.22 billion during the period.

Follow the author on Twitter: @UmidNiayesh

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