Iran’s Exports to EAEU Hike, Imports Fall

Iran traded 6.37 million tons of goods worth US$3.25 billion with the Eurasian Economic Union (EAEU) member states in fiscal 2022-23. The latest data released by the Islamic Republic of Iran Customs Administration show that Iran traded 6.37 million tons of goods (excluding crude oil exports) worth US$3.25 billion with the Eurasian Economic Union’s member state, registering a 51.44% and 42.27% drop in terms of weight and value respectively compared to the year before.

Russia was the main trade partner among EAEU members during the period with 4.04 million tons worth US$2.32 billion of exchanged goods. It was followed by Armenia with 1.47 million tons worth US$478,274 and Kazakhstan with 750,955 tons worth US$320,145, Financial Tribune reported. Iran’s exports to EAEU stood at 3.44 million tons worth US$1.48 billion, registering a 24.32% and 27.2% rise in terms of weight and value respectively. - Mehr