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Iran sees increase in exports to Turkmenistan

Business Materials 20 October 2021 16:33 (UTC +04:00)
Iran sees increase in exports to Turkmenistan

BAKU, Azerbaijan, Oct. 20

By Elnur Baghishov – Trend:

Iran's exports to Turkmenistan increased by 193 percent in terms of value and 217 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, Spokesman for the Islamic Republic of Iran Customs Administration (IRICA) Rouhollah Latifi said, Trend reports citing the administration.

According to Latifi, Iran exported 707,000 tons of products worth $ 145 million to Turkmenistan over 6 months.

The spokesman added that moreover, Iran imported goods worth $21.5 million from Turkmenistan in six months that is an increase of 289 percent, compared to the same period last Iranian year.

The official also noted that Turkmenistan ranks 6th in Iran's trade with the member states of 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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