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Iran exports to EU increases by 60%

Business Materials 18 June 2016 17:07 (UTC +04:00)

Baku, Azerbaijan, June 18

By Fatih Karimov – Trend:

The European countries exported over 995,000 tons of goods, worth $1.034 billion to Iran during the first two months of current Iranian fiscal year (March 20-May 20).

The Islamic Republic's imports from the Europe registered an increase by 57 percent in terms of volume and 27 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 2-month period. Tehran imported some 1.305 million tons of goods, worth $1.475 billion from the OIC countries during the 2-month period.

The mentioned amount is 34 and 19 percent less in terms of volume and value respectively, compared the same period of last fiscal year(March 20-May 20, 2015).

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

Economic organization

March 20-May 20, 2016 ($million)

March 20-May 20, 2015 ($million)

Change

OIC

1475

1831

-19%

EU

1034

816

27%

GCC

912

1185

-23%

ECO

467

561

-17%

CIS

459

113

306%

ASEAN

189

153

24%

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

Economic organization

March 20-May 20, 2016 ($million)

March 20-May 20, 2015 ($million)

Change

OIC

3247

3248

-0.03%

GCC

1127

963

17%

ECO

924

1057

-13%

EU

310

194

60%

CIS

222

296

-25%

ASEAN

131

111

18%

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