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Russia’s exports to Iran increases by $434%

Business Materials 2 May 2016 20:40 (UTC +04:00)

Baku, Azerbaijan, May 2
By Fatih Karimov – Trend:

Iran’s imports from Russia registered a huge rise by 433.66 percent in terms of value during the first month of current Iranian fiscal year (March 20-Apr. 20), according to the Iranian Customs Administration’s latest report published May 2.

Russia exported 69,700 tons of products, worth $132.1 million to Iran in the one-month period.

Despite the sharp rise in value of exported goods, Russia’s export to the Islamic was only 17.7 percent more in terms of volume during the period year-on-year.

The Islamic Republic purchased 78.76 percent of its total imported goods in the one-month period from 10 countries – China, the United Arab Emirates, Turkey, Russia, Germany, India, South Korea, Switzerland, Netherlands and Italy.

China was the main exporter of goods to Iran in the mentioned period. Beijing’s exports accounted for 19.37 percent of Iran’s total imports in terms of value and 10.76 percent in terms of volume.

Tehran’s imports from China decreased by 15.62 and 12.83 percent in terms of value and volume respectively year-on-year.

Iran imported 207,134 tons of goods, worth $383.4 million, from China during the first Iranian calendar month.

Iran also imported 368,692 tons of goods, worth $367.7 million, from the UAE, which marks 18.6 percent of Iran’s total imports’ value.

Iran’s imports from the UAE witnessed 8.2 percent fall in terms of value and 12.38 percent increase in terms of volume respectively and as compared to the same period of preceding year.

Turkey, Germany and South Korea exported $155.96 million, $112.89 million and $107.63 million worth of goods respectively to Iran.

Iran imported 1.92 million tons of goods, worth $1.97 billion during the first Iranian calendar month, almost no changed compared to the same period of preceding year.

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