TEHRAN – Iran’s trade value with Caspian littoral states increased by 39% in the 11-month period from March 21, 2021 to February 19, 2022, compared to the same period of previous year, said the spokesman for the Customs Administration of the Islamic Republic of Iran (IRICA).

Ruhollah Latifi estimated Iran’s trade with the mentioned countries at around seven million tons worth more than $3 billion during the 11-month period this year, also increasing by 23% in terms weight compared to that of the previous year.

Importing 1.035 million tons of goods worth $539 million from Iran and exporting 3.262 million tons of goods worth $1.451 billion from the Islamic Republic, Russia was Iran’s largest trading partner. Iran among other states bordering the Caspian Sea during the said 11-month period, the official said.

As previously announced by the Deputy Head of IRICA, the value of Iran’s non-oil trade increased by 38% over the 11-month period.

Foroud Asgari said Iran traded more than 149.4 million tons of non-oil products worth $90 billion with other countries during the mentioned period.

He noted that the weight of trade during the mentioned period also increased by 12% compared to the figure for the same 11 months of the previous year.

The official estimated 11-month non-oil exports at 112.658 million tonnes worth $43.517 billion, with an increase of 40% in value and 10% in weight.

The Islamic Republic imported 36.777 million tons of non-oil commodities worth $46.577 billion in the 11 months of the current year, with a growth of 36% in value and an increase of 19% in weight year over year, according to the official.

MOM