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Export of products from Iran to Eurasian Economic Union’s member-states up

Finance Materials 18 January 2020 17:04 (UTC +04:00)
Export of products from Iran to Eurasian Economic Union’s member-states up

BAKU, Azerbaijan, Jan. 18

By Elnur Baghishov - Trend:

The export value of products exported by Iran to the Eurasian Economic Union’s member-states increased by 72 percent during nine months of this Iranian year (from March 21 through December 21) compared to the same period of last Iranian year, spokesman for the Iranian Customs Administration Ruhulla Latifi said.

“The export volume of products increased by 116 percent,” Latifi added, Trend reports referring to IRNA.

“Iran exported 2.5 million tons of products worth $713 million to the Eurasian Economic Union’s member-states during the reporting period,” the spokesman said.

“The export of products by Iran to the Eurasian Economic Union’s member-states accounted for about 2 percent of Iran's total export of non-oil products in terms of value and volume,” the spokesman said.

“Some 2.2 million of products worth $991 million were imported from Iran to the Eurasian Economic Union’s member-states,” Latifi added.

"This is a 47-percent-increase in terms of weight and a 7-percent-decrease in terms of value compared to the same period of last Iranian year," the spokesman said.

“Iran exported the products worth $277 million to Russia and imported the products worth $864 million from Russia," Latifi said.

The value of products exported by Iran to Russia increased by 41 percent, while the value of products imported from Russia decreased by 7 percent.

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

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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