Iran’s Non-Oil Export to EAEU Member States Hits 40% Growth

Iran’s non-oil trade value with Eurasian Economic Union (EAEU) member states in the first six months of the current Iranian calendar year (from Mar. 21 to Sep. 22) hit about US$1.2 billion, showing a 40% hike. According to statistics of the Islamic Republic of Iran Customs Administration (IRICA), Iran’s trade of non-oil goods with Eurasian Economic Union’s member states from March 21 to Sep. 22 registered a 40% increase as compared to the same period of last year. In this period, Iran’s export of non-oil goods to EAEU’s member states recorded about a 10% and 40% hike in terms of weight and value respectively.

Accordingly, about 1.1 million tons of non-oil goods, valued at US$487 million was exported to EAEU’s member states in the first half of the current year, accounting for three% of the total value of export of non-oil commodities, and registered about 10 and 40% hike in terms of weight and value respectively, the report added. During this period, the Islamic Republic of Iran imported about 1.4 million tons of goods, valued at US$689 million, from EAEU’s member states, accounting for three% of the total import of goods. Iran’s import of goods from EAEU’s member states from March 21 to Sep. 22 recorded a 31.5% decline in terms of weight and also about a 3.8% hike in terms of value. In this regard, Iran’s trade balance with EAEU’s member states from March 21 to Sep. 22 hit about -US$203 million, the report ended. - Mehr