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How Russia-Ukraine Conflict Impacted Iran’s Trade Sector

Iran’s trade with Ukraine and exports to Russia have dropped significantly, while imports from Russia have grown remarkably
How Russia-Ukraine Conflict Impacted Iran’s Trade Sector
How Russia-Ukraine Conflict Impacted Iran’s Trade Sector

Trade with Russia stood at 930,400 tons worth $382.8 million during the two months to May 21, according to the spokesman of the Islamic Republic of Iran Customs Administration.
Imports hit 758,600 tons worth $321.3 million, registering a 109% and 29% year-on-year growth in weight and value, respectively, IRNA reported.
The imports, which mainly included wheat and corn, stood at 362,600 tons worth $249 million during the corresponding period of the year before, Rouhollah Latifi added.
Feb. 20-April 20, 2022, exports hit 171,800 tons worth $61.5 million, registering a 22% and 36% year-on-year decline in weight and value respectively.

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