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Iran imports from EU increase by 25%

Business Materials 21 August 2016 17:19 (UTC +04:00)

Baku, Azerbaijan, Aug. 21

By Fatih Karimov – Trend:

The European countries exported over 1.82 million tons of goods, worth $2.333 billion to Iran during the first four months of current Iranian fiscal year (March 20-July 20).

The Islamic Republic's imports from the Europe registered an increase by 41 percent in terms of volume and 25 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 4-month period. Tehran imported some 2.5 million tons of goods, worth $3.334 billion from the OIC countries during the 4-month period.

The mentioned amount is 33 and 15 percent less in terms of volume and value respectively, compared the same period of last fiscal year(March 20-July 20, 2015).

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

Economic organization

March 20-July 20, 2016 ($million)

March 20-July 20, 2015 ($million)

Change

OIC

3334

3936

-15%

EU

2333

1871

25%

GCC

2030

2588

-22%

ECO

1110

1191

-7%

CIS

766

315

143%

ASEAN

410

395

4%

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

Economic organization

March 20-July 20, 2016 ($million)

March 20-July 20, 2015 ($million)

Change

OIC

8962

6519

37 %

GCC

2838

2091

36%

ECO

3792

2012

88%

EU

579

442

31%

CIS

819

610

34%

ASEAN

219

197

11%

 

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