Economy, Domestic Economy
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Uptrend in Non-Oil Trade With Azerbaijan

Uptrend in  Non-Oil Trade With AzerbaijanUptrend in  Non-Oil Trade With Azerbaijan

Iran traded 198,655 tons of non-oil commodities worth $116.44 million with Azerbaijan during the first four months of the current fiscal year (March 21-July 22). This shows a 36.02% and 42.29% increase in tonnage and value respectively compared with last year’s corresponding period, the Islamic Republic of Iran Customs Administration reported. Iran’s exports to Azerbaijan stood at 184,082 tons worth $111.83 million, up 43.99% and 48.38% in tonnage and value respectively year-on-year. Azerbaijan was Iran’s 16th biggest export destination during the period. Iran mainly exported polypropylene, pipes and potatoes to Azerbaijan during the four-month period. Azerbaijan exported 14,572 tons of goods worth $4.616 million to Iran, down 19.94% and 28.64% in tonnage and value YOY. Azerbaijan was the 66th exporter of goods to Iran over the four months. Imports mainly included edible seeds for poultry, metal/steel waste and sodium carbonate.

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Comments

Azerbaijan and Iran are friendly countries. Two countries have religious and cultural stories. Therefore relations between two countries successfully develop.
In recent months Iran invested in Azerbaijan to many million projects. Because Tehran trusts safety of Azerbaijan and trusts in Baku.

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