Iran's Trade With Caspian States Hit $1.6b During 5 Months

Iran's trade (excluding crude oil exports) with Caspian Sea littoral states reached 2.97 million tons worth $1.63 billion during the first five months of the current fiscal year (March 21-Aug. 22), registering a 12.42% and 42.27% year-on-year rise in tonnage and value respectively, according to the Islamic Republic of Iran Customs Administration.
Russia was Iran’s main trading partner among Caspian states with 1.68 million tons worth $1 billion during the period under review, registering a 21.48% and a 36.05% increase in terms of weight and value YOY, respectively. It was followed by Azerbaijan Republic with 316,909 tons (down 2.28%) worth $311.31 million (up 70.87%), Turkmenistan with 550,598 tons (down 15.19%) worth $180.44 million (up 33.63%) and Kazakhstan with 420,489 tons (up 47.93%) worth $139.62 million (up 48.26%).
Iran’s exports exceeded 1.6 million tons worth $814.51 million, registering a YOY rise of 3.32% and 41.82% in terms of weight and value respectively.