Economy, Domestic Economy

Tehran-Yerevan Trade Grows 6%

Tehran-Yerevan Trade Grows 6%Tehran-Yerevan Trade Grows 6%

Trade between Iran and Armenia grew during the 10 months of 2017 to $211.4 million, up 6% from $199.4 million in the corresponding period of last year.

Exports to Iran from Armenia during the period stood at $66.9 million, up 2.3% year-on-year.

Exports to Armenia from Iran stood at $144.4 million, up 7.8% YOY, ARmenpress reported.

Products made in third countries worth $138.9 million were imported from Iran to Armenia, up 12.2% YOY.

Armenia’s exports to Iran include meat, paper, steel, mechanical and medical equipment, coffee and mineral water while Iranian exports to Armenia include natural gas, bitumen, oil, petroleum products, household products, fertilizers, glass, fruits and vegetables.

The number of Iranian tourists in Armenia grew by 27% during the period, as 15.7% of overall tourists who visited Armenia were Iranians.

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