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Iran’s foreign trade statistics with Eurasian Economic Union revealed

Business Materials 19 February 2020 15:12 (UTC +04:00)
Iran’s foreign trade statistics with Eurasian Economic Union revealed

BAKU, Azerbaijan, Feb. 19

By Elnur Baghishov - Trend:

Iran’s foreign trade turnover with the Eurasian Economic Union (EEU) for the first ten months of this Iranian year (March 21, 2019-Jan. 20, 2020) amounted to approximately $2 billion, Spokesperson of Iran’s Customs Administration (IRICA) Rouhollah Latifi said, Trend reports referring to the IRICA.

Latifi noted that Iran exported 2.6 million tons of goods worth $861.1 million to the EEU member countries in the mentioned period.

The spokesperson added that this figure increased by 114 percent in terms of weight and by 72 percent in terms of value compared to the same period last year (March 21, 2018).

Iran imported 2.5 million tons of goods worth $1.1 billion from the EEU member states in the reporting period, he said.

This figure increased by 41 percent in terms of weight and dropped by 5 percent in terms of value compared to the same period last year, the spokesperson noted.

“Iran exported products worth $321 million to Russia and $125 million to Kazakhstan,” Latifi added. “Iran imported 2.3 million tons of products worth $963 million from Russia.”

A temporary trade memorandum was signed between Iran and the EEU on October 27. In accordance with the memorandum, 862 kinds of products will be imported and exported upon preferential tariffs between the two sides.

Iran will export 502 kinds of products and import 360 kinds of products. Iran will export pistachios, kiwi, oil products, raisins, cucumbers, cabbages, dates, medicines, cement, copper, methanol.

Iran will import barley, animal feed, vegetable oil, cathode, etc.

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