Iran had $3,298,061,946 worth of foreign trade with the Commonwealth of Independent States (CIS) in 2019, Islamic Republic of Iran Customs Administration (IRICA) reported.
IRICA Spokesman Seyed Ruhollah Latifi said that in 2019, Iran exported 4,793,512 tons of goods worth $1,751,605,967 to CIS, meanwhile, the country"s exports increased by more than one billion dollars compared to 2018.
According to Latifi, Russia with over $457 million, Azerbaijan with more than $429 million and Armenia with $231 million are Iran’s major export destinations.
CIS consists of Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Uzbekistan as well as Turkmenistan as associate state and observer Afghanistan and Mongolia as observer states.
These countries enjoy linguistic, cultural, historical, political, and economic commonalities.
They also have common interests in the fields of the energy sector, transit development, especially in the North-South and East-West corridors, and the export of technical and engineering services.
In relevant remarks it was announced earlier this month that trade between Iran and the Eurasian Economic Union (EAEU) amounted to $2.6 billion in three quarters since October 27, 2019 – the date when the Preferential Trade Agreement (PTA) between Iran and EAEU was signed.
“Iran’s exported 1.9 million tons worth $762 million to Eurasian nations, while its imports amounted to 5.5 million tons worth $1.8 billion tons,” President of the Islamic Republic of Iran Customs Administration (IRICA) Mahdi Mirashrafi said.
Mirashrafi added that Russia, Armenia and Kazakhstan were the three top export destinations of Iran to Eurasia in the period.
However, Russia with 4.3 million tons of goods worth $1.5 billion and Kazakhstan with 1.1 million tons of goods worth $298 million were main exporters to Iran during the same period, he said, adding that over 95% of Iran’s imports included basic goods and livestock food.
Iran and the EAEU started implementing the agreement on preferential trade on 862 products as of October 27.
Source: Farsnews- Date: (25 Aug 2020)