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Iran imports from EU increase by 23%

Business Materials 20 September 2016 17:23 (UTC +04:00)

Baku, Azerbaijan, Sept. 20

By Fatih Karimov – Trend:

The European countries exported over 2.1 million tons of goods, worth $2.99 billion to Iran during the first five months of current Iranian fiscal year (March 20-Aug. 21, 2016).

The Islamic Republic's imports from the Europe registered an increase by 33 percent in terms of volume and 23 percent in terms of value respectively compared the same period of last year, according to the latest statistics released by Trade Promotion Organization of Iran (TPOI).

Organization of Islamic Cooperation (OIC) took a dominant share from Iran’s imports during the 5-month period. Tehran imported some 3.128 million tons of goods, worth $4.263 billion from the OIC countries during the 5-month period.

The mentioned amount is 30 and 12 percent less in terms of volume and value respectively, compared the same period of last fiscal year(March 20-Aug. 21, 2015).

Iran's imports from various economic regions, based on the TPOI report:

Economic organization

March 20-Aug. 21, 2016 ($million)

March 20-Aug. 21, 2015 ($million)

Change

OIC

4263

4868

-12%

EU

2989

2436

23%

GCC

2628

3181

-17%

ECO

1365

1467

-7%

CIS

914

430

113%

ASEAN

510

506

1%

Iran's exports to various economic regions, based on the TPOI report:

Economic organization

March 20-Aug. 21, 2016 ($million)

March 20-Aug. 21, 2015 ($million)

Change

OIC

10584

8154

30 %

ECO

4242

2489

70%

GCC

3367

2639

28%

CIS

954

771

24%

EU

687

559

23%

ASEAN

265

259

2%

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