Iran Transactions With Caspian States Exceed $3.3 Billion in 11 Months

Iran's trade (excluding crude oil exports) with Caspian Sea littoral states stood at 5.99 million tons worth $3.34 billion during the first 11 months of the current Iranian year (March 21, 2022-Feb. 19), registering a 13.92% fall in terms of weight, but an 8.91% rise in value compared with the similar period of last year, respectively, according to the Islamic Republic of Iran Customs Administration.
Russia was Iran’s main trading partner among Caspian states with 3.36 million tons (down 21.76%) worth $1.97 billion (down 0.57%) during the period under review. It was followed by Azerbaijan with 715,780 tons (down 8.08%) worth $636.55 million (up 20.65%), Turkmenistan with 1.2 million tons (down 4.63%) worth $435.73 million (up 32.18%) and Kazakhstan with 709,016 tons (up 13.61%) worth $292.99 million (up 32.22%).
Iran’s exports exceeded 3.58 million tons worth $1.86 billion during the period, registering a 3.39% and a 24.29% rise in terms of weight and value year-on-year, respectively.