Iran's Non-Oil Trade With Eurasian Economic Union Hit $1.4b in 8 Months

Iran’s non-oil trade with the Eurasian Economic Union hit $1.4 billion during the eight months to Nov. 20, 2020, indicating an 11% decline compared with the corresponding period of last year. 
Non-oil trade with EEU’s five member countries accounted for 2.8% of Iran’s total foreign trade over the period under review, Tehran Chamber of Commerce, Industries, Mines and Agriculture reported, citing data provided by the Islamic Republic of Iran Customs Administration.  
Exports to EEU stood at 1.8 million tons worth $639 million, registering a year-on-year decline of 20% and 6% in weight and value, respectively. Imports hovered around 2.33 million tons worth $772 million, posting a 15% growth in weight but a 14% decrease in value YOY.
Exports to EEU, in terms of value, accounted for 2.4% of Iran’s total non-oil exports during the period, indicating a 0.2% YOY growth.