Baku, Azerbaijan, May 5
By Umid Niayesh - Trend:
Iran imported over 1.9 million tons of good from the Commonwealth of Independent States (CIS) in the last fiscal year, ended March 2018, registering a big fall by 64 percent compared to the receding year.
The data released by Trade Promotion Organization of Iran (TPOI) indicates that the Islamic Republic imported $1,055 million worth of various commodities from the CIS in the period, 60 percent less year-on-year.
Meanwhile, Iran’s imports from the Organisation of Islamic Cooperation registered the highest growth among the regions and stood at the top of the list, followed by EU.
Iran’s imports from various economic regions, based on the TPOI data:
|
Economic organization |
March 20, 2017-2018 (million USD) |
March 20, 2016-2017 (million USD) |
Change |
|
OIC |
11,094 |
7,122 |
56% |
|
EU |
10,999 |
8,289 |
33% |
|
GCC |
8,017 |
5,830 |
38% |
|
ECO |
3,917 |
3,514 |
11% |
|
ASEAN |
2,041 |
1,557 |
31% |
|
CIS |
1,055 |
2,662 |
-60% |
Iran’s non-oil exports to CIS in the same span of time accounted to $1.989 million, registering a tiny rise compared to $1.986 million worth of imported goods in 2016-2017.
Meanwhile the volume of the Islamic Republic’s exports to CIS amounted to 3.96 million tons, 2.5 percent less year-on-year.
The OIC was the top destination of Iran’s non-oil goods in the last fiscal year, however the value was 7 percent less compared to the preceding year.
Iran’s non-oil exports to ASEAN registered the highest growth among the reported regions in the last fiscal year and stood at 47 percent.
Iran’s non-oil exports to various economic regions, based on the TPOI data:
|
Economic organization |
March 20, 2017-2018 (million USD) |
March 20, 2016-2017 (million USD) |
Change |
|
OIC |
21,333 |
22,860 |
-7% |
|
ECO |
10,447 |
7,982 |
31 % |
|
GCC |
7,484 |
8,265 |
-9% |
|
ASEAN |
2,111 |
1,434 |
47% |
|
CIS |
1,989 |
1,986 |
0% |
|
EU |
1,496 |
1,589 |
-6% |
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