Iran Trade With Eurasian States Hits $2.5b
IRAN NEWS ECONOMIC DESK
TEHRAN – Spokesman to Iran Customs Administration Seyed Ruhollah Latifi says Iran’s exports to Eurasian Union states have been $1.24b in 11 months this year and the total trade with those states is around $2.5b.
Latifi yesterday said that Iran’s exports in 11 months this year have exceeded $1.24b while the figure was $550m in the same period last year and it indicates 105 percent growth.
On the importance of trade with Eurasian Union states, he said that the whole members of the union have noticeable economic indexes, adding that the union ranks first in extracting oil which accounts for 14.5 percent of value of the resources in the world. He went on to say that the union also ranks first in gas production with producing 20.2 percent of global gas production.
Latifi noted that the union members also rank 4th, 3rd and fourth in producing production of electricity, railway line, and iron production, respectively. He reiterated that Eurasia also ranks fifth in the world in terms of producing steel.
He further said the total GDP of those member states stands at 4.7 trillion with an area over 20m square meters and population more than 184m.
He said these indexes encourage Iran to boost its foreign trade with this big bloc. Three members of the union like Russia, Kazakhstan and Armenia are neighbors with Iran as Russia and Kazakhstan have marine borders and Armenia has land border with Iran and those countries’ annual imports are around $400b.
Latifi reiterated that Iran’s exports in 11 months this year have grown 105 percent and reached $1.24b.
He said Russia is the major destination for Iran’s exports as the country’s exports to Russia have been around $387m and Armenia and Kazakhstan are the next major destinations for Iran’s exports in the union.
He further said fresh apple, LNG, pistachio, kiwi, cucumber, fermented cucumber, dried grape and orange are the major exported goods to those states.
Latifi also pointed to the volume of imported goods from Eurasian Union states, adding that the volume of imports from those countries in 11 months has been around 2.8m tons while the figure was 1.2m tons in the preceding year. He added that the value of imports from those states is $1.2b which shows a little drop comparing the same period in the preceding year.
He said sunflower oil, meat, wheat, cereals and barley have been the major imports from those states. He also pointed to the free trade agreement between Iran and Eurasian states, saying that according to the agreement which came into effect in November, 380 items of goods can be traded with certain tariffs.