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EU exports to Iran hit $6 bln in one year

Business Materials 17 May 2016 20:56

Baku, Azerbaijan, May 17

By Fatih Karimov - Trend:

The European countries exported over 4.57 million tons of goods, worth $6.23 billion to Iran during the last Iranian fiscal year (ended March 20).

The Islamic Republic's imports from the Europe registered a fall by 28 percent in terms of volume and 18 percent in terms of value respectively compared the same period of last year, according to the latest statistics released by Trade Promotion Organization of Iran (TPOI).

Organization of Islamic Cooperation (OIC) took a dominant share from Iran 's imports during the last fiscal year. Tehran imported some 9.64 million tons of goods, worth $11.16 billion from the OIC countries during the 12-month period.

The mentioned amount is 27 and 32 percent less in terms of volume and value respectively, compared the last fiscal year.

Iran's imports from various economic regions, based on the TPOI report:

Economic organization

March 2015-2016 ($million)

March 2014-2015($million)

Change

OIC

11160

16434

-32%

GCC

7186

11399

-37%

EU

6229

7640

-18%

ECO

3433

4443

-23%

ASEAN

1294

1161

11%

CIS

920

1331

-31%

Iran's exports to various economic regions, based on the TPOI report:

Economic organization

March 2015-2016 ($million)

March 2014-2015($million)

Change

OIC

19212

18949

-1%

ECO

6039

7205

-16%

GCC

5799

4496

29%

CIS

1883

2509

-25%

EU

1590

1496

6%

ASEAN

705

828

-15%

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