Iran's Exports to EEU Surge by 24% to US$1.3 Billion

Iran’s exports to the Eurasian Economic Union (EEU) member states reached 3.09 million tons worth US$1.34 billion. The latest data released by the Islamic Republic of Iran Customs Administration show that the country's exports to the EEU member states reached 3.09 million tons worth US$1.34 billion during the current Iranian year’s first 11 months (March 21, 2022-Feb. 19), registering a 24.69% year-on-year increase in value.

Russia with 1.27 million tons worth US$672.83 million (up 22.79%), Armenia with 1.3 million tons worth US$422.09 million (up 51.43%) and Kazakhstan with 443,927 tons worth US$173.72 million (up 3.73%) were the top export destinations, Financial Tribune reported. Imports hit 2.38 million tons worth US$1.48 billion during the same period to register a 62.44% decrease in value. Russia was also the main exporter to Iran with 2.08 million tons worth US$1.3 billion (down 63.42%). It was followed by Armenia with 265,089 tons worth US$119.26 million (down 65.16%) and Belarus with 15,601 tons worth US$38.55 million (up 38.84%). - Mehr