Trade With Caspian States Exceeds $3b in 10 Months

Iran's trade (excluding crude oil exports) with Caspian Sea littoral states stood at 5.54 million tons worth $3.03 billion during the first 10 months of the current Iranian year (March 21, 2022-Jan. 20), registering a 9.19% rise in value, but a 12.59% fall in terms of weight compared with the similar period of last year, according to the Islamic Republic of Iran Customs Administration.
Russia was Iran’s main trading partner among Caspian states with 3.11 million tons (down 20.23%) worth $1.79 billion (down 1.27%) during the period under review. It was followed by Azerbaijan with 647,809 tons (down 9.59%) worth $583.37 million (up 23.45%), Turkmenistan with 1.1 million tons (down 2.65%) worth $389.65 million (up 32.64%) and Kazakhstan with 664,991 tons (up 11.27%) worth $265.9 million (up 33.21%).
Iran’s exports exceeded 3.25 million tons worth $1.67 billion during the period, registering a 3.41% and a 23.81% rise in weight and value year-on-year, respectively.