Iran Trade with Kazakhstan Rises 29% in Fiscal 2021-22

Iran’s trade with Kazakhstan stood at 729,000 tons worth US$265.2 million in the fiscal 2021-22 (ended March 20), registering a 71% and 29% year-on-year growth in volume and value, respectively, according to the spokesman of the Islamic Republic of Iran Customs Administration. Exports hit 512,000 tons worth 187.2 million, registering a 51% and 11% growth in weight and value, respectively. Agricultural products, livestock and food products, construction materials, home appliances, petroleum products, electronics, industrial machinery, bags, shoes and clothing, minerals and agricultural implements were Iran's main exports to Kazakhstan last year.

Iran and Kazakhstan aim to reach the bilateral trade of US$3 billion by the next three years, an official with Iran’s Trade Promotion Organization (TPO) announced. Rahmatollah Khormali, the director-general of the TPO’s office of Central Asia, Caucasus, and Russia, made the remarks referring to the recent trip of the president of Kazakhstan to Iran in which nine cooperation MOUs were signed by the two sides. “According to the goal set by the officials of Iran-Kazakhstan Joint Economic Committee in late February, the value of trade between the two countries will increase to US$3 billion in the next three years, and the export of technical and engineering services is seen in this goal. There is also scope for cooperation in the field of oil”, the official further stated.
- Financial Tribune, Tehran Times