April 29, 2021 03:10

Fiscal 2020-21 Trade With EEU Drops by 11% to $2.1 Billion

Iran’s exports to EEU hit $1.1 billion, registering a 4% fall compared with the previous year, while imports from the Eurasian bloc reached $1 billion, showing a 16.5% decrease

Iran and the Eurasian Economic Union member states traded a total of $2.1 billion worth of non-oil commodities in the last Iranian year (March 2020-21), which shows an 11% decline compared with the year before, figures released by Tehran Chamber of Commerce, Industries, Mines and Agriculture reveal.
Iran’s exports to EEU hit $1.1 billion, registering a 4% fall compared with the previous year while imports from the Eurasian bloc stood at around $1 billion, showing a 16.5% decrease.
Exports from Iran under the preferential trade agreement signed with EEU members stood at $256 million, accounting for close to 25% of the country’s exports to the bloc over the period under review.

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Iran and Eurasian Economic Union Relations