Domestic Economy

Iran's Trade With Eurasian Economic Union Hit $2.8 Billion

Iran's Trade With Eurasian Economic Union Hit $2.8 BillionIran's Trade With Eurasian Economic Union Hit $2.8 Billion

Iran and the Eurasian Economic Union traded a total of about $2.8 billion worth of goods between October 27, 2019, when a preferential trade agreement came into effect between the two sides, and Aug. 21, 2020, according to Elham Hajikarimi, secretary of Trade Promotion Organization of Iran's Eurasia Affairs Bureau.
The traded volume shows a 6% year-on-year rise, the official was quoted as saying by ILNA.
“Iran’s exports to the bloc reached $823.9 million, while imports from the EEU amounted to $1.97 billion, registering a 21% and 1% respective rise year-on-year,” she said. 
Spokesperson of the Islamic Republic of Iran Customs Administration Rouhollah Latifi has been quoted as saying by Mehr News Agency that Iran’s main imports from the Eurasian block are essential goods and animal feed raw material. 


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