Exports to Armenia Reach $180 Million in 6 Months

Iran’s exports to Armenia stood at $180 million during the first half of the current Iranian year (March 21-Sept. 22), registering a 15% rise compared with the corresponding period of last year, according to the director general of Central Asia, Caucasus and Russia Department of Trade Promotion Organization of Iran.
“The figure does not take into account Iran’s gas exports. Last year [March 2021-22], $120 million worth of electricity and gas were exchanged between the two countries and the figure should be added to bilateral trade. It is estimated that the exchange of gas and electricity between the two countries will reach $400 million by the end of the current year [March 2023],” Rahmatollah Kharmali was also quoted as saying by IRIB News.
Armenia and Iran are focusing efforts on joint sales of goods to third countries, Armenian Economy Minister Vahan Kerobyan said earlier this month.