Iran’s exports via suitcase trade to Azerbaijan hit $8M in Q1
Baku, Azerbaijan, July 1
By Umid Niayesh - Trend:
Iran exported $8.61 million worth of goods to Azerbaijan via the suitcase trade during the first quarter of current Iranian fiscal year (March 21-June 21), almost unchanged compared to the same period of preceding year.
The Islamic Republic has exported goods worth $6.34 million via Astara, $1.21 million via Bilasuvar, $641,749 via Julfa, and $413,600 via Poldasht custom checkpoints to Azerbaijan during the mentioned period, the Iranian Custom Administration said July 1.
Exports in the form of suitcase trade through Astara, Julfa and Poldasht witnessed an increase by 16.1 percent, 9.5 percent and 386.6 percent respectively, meanwhile the exports via Bilasuvar custom checkpoint has fallen by 51.1 percent year-on-year.
Iran has exported $28 million worth of goods to the Commonwealth of Independent States (CIS) via the suitcase trade in the three month period which is 72.6 percent more compared to the same period preceding year.
The figure shares only 0.34 percent of the total export value of the country during the 3-month period.
Iran exported $82.814 million worth of goods to the CIS via the suitcase trade in last fiscal year, which is 18.4 percent less compared to the preceding year.
Iran's exports to Azerbaijan via the same trade accounted for $44.632 million during the last fiscal year, 25.5 percent more year-on- year.
Edited by CN
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