Iran's Trade With Eurasian Economic Union Up 66% to $5.6b in Fiscal 2021-22

Iran’s trade with Eurasian Economic Union member states stood at 13.13 million tons worth $5.64 billion in the fiscal 2021-22 (ended March 20), registering a 51% and 66% year-on-year growth in weight and value respectively, according to Rouhollah Latifi, spokesman of the Islamic Republic of Iran Customs Administration.
Exports to the five member states hit 2.77 million tons worth $1.17 billion, up 3.5% and 12% YOY in terms of weight and value respectively.
Russia with 1.14 million tons (up 8% YOY) worth $583.66 million (up 10% YOY) was the top export destination during the period. It was followed by Armenia with 1.05 million tons (down 15% YOY) worth $302.34 million (down 0.5% YOY), Kazakhstan with 517,628 tons (up 54% YOY) worth $188.87 million (up 13% YOY), Kyrgyzstan with 45,873 tons (up 56% YOY) worth $78.9 million (up 72% YOY) and Belarus with 11,934 tons (up 77% YOY) worth $16.81 million (down 20% YOY).
Imports stood at 10.37 million tons worth $4.47 billion, registering a 73% and 90% YOY growth in weight and value respectively.