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Iran attaches importance to trade with neighboring countries

Business Materials 12 April 2022 10:53 (UTC +04:00)
Iran attaches importance to trade with neighboring countries
Elnur Baghishov
Elnur Baghishov
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BAKU, Azerbaijan, April 12. The current Iranian government attaches special importance to trade with neighboring countries, along with the increase in production in Iran, Director General of Islamic Republic of Iran Customs Administration (IRICA) Alireza Moghaddasi said, Trend reports citing the administration.

According to Moghaddasi, this is reflected in Iran's trade with neighboring countries. So, Iran's trade turnover with neighboring countries amounted to more than 100 million tons worth about $51.9 billion in the last Iranian year, which is an increase of 43 percent in value and 23 percent in volume, compared to the preceding Iranian year (March 20, 2020 through March 20, 2021).

The director general added that Iran exported 75.4 million tons of goods worth more than $26 billion to neighboring countries over last Iranian year.

“Iran's exports to neighboring countries increased by 29 percent in value and 12 percent in volume compared to the preceding Iranian year,” he said.

Moghaddasi also noted that Iran exported $8.9 billion worth of goods to Iraq in last Iranian year. This is an increase of 21 percent in value compared to the preceding Iranian year.

Meanwhile, the value of Iran's exports to Turkey for the last Iranian year amounted to $6.1 billion, which is an increase of 141 percent compared to the preceding Iranian year, the official said.

“Within last Iranian year, Iran exported $4.9 billion worth of goods to the UAE, which is 8 percent less than in the preceding Iranian year,” Moghaddasi also pointed out.

As for Iran’s exports to Afghanistan for the last Iranian year, the director general emphasized that the value of the exports amounted to $1.8 billion over the reporting period, which is a decrease of 20 percent compared to the same period last Iranian year.

Moghaddasi added that Iran also exported goods worth $1.3 billion to Pakistan in the last Iranian year, which is 24 percent more than in preceding Iranian year.

“In particular, Iran exported goods worth $716 million to Oman (a 63-percent increase), worth $579 million to Russia (a 15-percent increase), worth $565 million to Azerbaijan (an 11-percent increase), worth $335 million to Turkmenistan (a 144-percent increase), worth $187 million to Kazakhstan (an 11-percent increase), worth $158 million to Kuwait (a 2-percent increase), worth $134 million to Qatar (a 20-percent decrease), worth $10 million to Bahrain (a 15- percent increase), worth $41,400 to Saudi Arabia and worth $304,000 to the remaining neighboring countries over the last Iranian year,” he said.

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