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Iran sees increase in exports to Azerbaijan

Business Materials 19 October 2021 11:51 (UTC +04:00)
Iran sees increase in exports to Azerbaijan

BAKU, Azerbaijan, Oct. 19

By Elnur Baghishov – Trend:

Iran's exports to Azerbaijan increased by 18 percent in terms of value and 22 percent in terms of volume, during the first six months of the current Iranian year (March 21 through September 22, 2021), compared to the same period last Iranian year, the Spokesman for the Islamic Republic of Iran Customs Administration (IRICA) Rouhollah Latifi said, Trend reports citing the administration.

According to Latifi, Iran's exports to Azerbaijan for the reporting period amounted to 389,000 tons worth $212 million.

“Furthermore, Iran imported $22.7 million worth of goods from Azerbaijan in 6 months. The imports increased by 101 percent, compared to the same period last Iranian year,” he added.

The spokesman noted that Azerbaijan ranks 5th in Iran's trade with the member states of the Economic Cooperation Organization (ECO).

The following ten countries are at present the member states of ECO: Afghanistan, Republic of Azerbaijan, Islamic Republic of Iran, Republic of Kazakhstan, Kyrgyz Republic, Islamic Republic of Pakistan, Republic of Tajikistan, Republic of Turkey, Turkmenistan, Republic of Uzbekistan.

As reported, Iran exported 60 million tons of goods worth $21.8 billion during the first six months of the current Iranian year (March 21 through September 22, 2021).

Iran's exports increased by 61 percent in terms of value and 30 percent in terms of volume, compared to the same period last Iranian year.

In addition, Iran imported 19.1 million tons of goods worth $23.1 billion within the mentioned period. Iran's imports increased by 37 percent in terms of value and 15 percent in terms of value, compared to the same period last Iranian year.

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