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Iran exports over 700 tons of products to Azerbaijan

Business Materials 18 February 2019 14:29 (UTC +04:00)

Baku, Azerbaijan, Feb. 18

By Elnur Baghishov – Trend:

Iran exported $340 million worth of goods to Azerbaijan during the 10 months of the current Iranian year (starting from 21 March 2018), Trend reports referring to the report of the Iran Trade Promotion Organization (TPO).

According to information, Iran exported 707,000 tons of products to Azerbaijan during this period.

Export of goods to Azerbaijan in the mentioned period amounted to 0.9 percent of all export value of Iran.

Iranian exports to Azerbaijan rose by 37 percent in terms of value and 35 percent in terms of weight, compared to the same period of the previous Iranian year.

Azerbaijan ranks 12th among Iran’s export destinations.

As for the neighboring countries, Iran has exported 372,000 tons of products worth $219 million to Russia, with the Iranian exports to Russia increasing by 9 percent in terms of value, when compared to the same period of the previous Iranian year. Russia ranks 17th among Iran’s export destinations.

Moreover, Iran's exports to Turkey amounted to 6.20 tons worth $2.02 billion during 10 months, with Turkey ranking 5th among Iran’s export destinations.

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