Transactions With Caspian States Rise by 9.5% to $3.8 Billion

Iran's trade (excluding crude oil exports) with Caspian Sea littoral states stood at 6.89 million tons worth $3.81 billion in the fiscal 2022-23, registering a 12.78% fall in terms of weight, but a 9.51% 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 4.04 million tons (down 17.79%) worth $2.32 billion (up 3.44%) during the period under review. It was followed by Azerbaijan with 784,380 tons (down 7.9%) worth $688.03 million (up 13.2%), Turkmenistan with 1.31 million tons (down 6.45%) worth $487.62 million (up 32.34%) and Kazakhstan with 750,955 tons (up 3.05%) worth $320.14 million (up 20.79%).
Iran’s exports exceeded 3.93 million tons worth $2.05 billion during the year, registering a 2.43% and a 23.21% rise in terms of weight and value year-on-year, respectively.