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IRICA shares data on Iran’s trade turnover with Azerbaijan

Business 17 January 2022 10:07 (UTC +04:00)
IRICA shares data on Iran’s trade turnover with Azerbaijan

BAKU, Azerbaijan, Jan. 17

By Elnur Baghishov – Trend:

The trade turnover between Iran and Azerbaijan amounted to about 648,000 tons worth about $421 million, during the first nine months of the current Iranian year (March 21 through December 21, 2021), the Spokesman for the Islamic Republic of Iran Customs Administration (IRICA) Rouhollah Latifi told Trend.

According to Latifi, the trade turnover between the two countries increased by 16 percent in value, while decreased by 19.5 percent in volume, compared to the same period last Iranian year.

The official said that Iran exported 629,000 tons of goods worth $388 million to Azerbaijan, which is a decrease of 19.2 percent in value and 19.6 percent in volume, compared to the same period last Iranian year.

“Meanwhile, in the same period last Iranian year, Iran's exports to Azerbaijan amounted to about 783,000 tons worth about $396 million,” he added.

As for Iran's imports from Azerbaijan, the spokesman noted that Iran imported 18,700 tons of goods worth $32.5 million from Azerbaijan over nine months. Imports increased by 79.5 percent in value, while decreased by 16 percent in volume, compared to the same period last Iranian year.

Latifi stressed that Iran’s imports from Azerbaijan amounted to 22,500 tons worth $18.1 million in the same period last Iranian year.

Iran's total non-oil exports for the first 9 months of the current Iranian year (March 21 through December 21, 2021) amounted to 92.3 million tons worth $35.1 billion. The exports increased by 40 percent in value and 8 percent in volume, compared to the same period last Iranian year.

Within nine months, Iran imported 30.1 million tons of goods worth $37 billion. Imports increased by 37 percent in value and 20 percent in volume, compared to the same period last Iranian year.

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