Iran TPO: Annual Export to Russia Hits $12b
Iran TPO: Annual Export to Russia Hits $12b
Iran's annual export capacity to Russia is about $12 billion, said the head of the Trade Development Organization (TPO).

TEHRAN (Iran News) – Iran’s annual export capacity to Russia is about $12 billion, said the head of the Trade Development Organization (TPO), adding that trade agreements, including an interim free trade agreement with Eurasia, are steps forward for Iran’s international trade.

According to, TPO Managing Director Hamid Zadboum added, “Studies show that there is a remarkable trade capacity between Iran and the Eurasian Economic Union (EAEU), and currently our annual trade level with the EAEU stands at $2.6 billion.”

It is estimated that by using existing capacities between the two, the official said that the trade volume of Iran-EAEU to reach about $35 billion.

“Russia, Kazakhstan, Armenia, Kyrgyzstan and Belarus are the most important countries in the union for Iranian traders,” he said.

Our potential annual export capacity Russia is estimated at $12 billion, while we currently export only $500 million worth of goods to Russia, Zadboum said.

He said that the statistics of 2018 show that the level of Eurasian trade with the world is about $866 billion dollars, adding, “An important part of Russia’s trade with the world includes oil and gas, but there is a high potential for trade with this country for Iranian businessmen.”

Head of the Islamic Republic of Iran Customs Administration (IRICA) Mehdi Mir-Ashrafi said on August 11 that the trade between Iran and the members of the EAEU has reached $2.6 since October 27, 2019 – the date when the preferential trade agreement (PTA) between the two sides was signed.

He added that, “[In this period] Iran has exported 1.9 million tons of products worth $762 million to the EAEU member states, while importing 5.5 million tons of goods worth $1.8 billion tons.”

Mir-Ashrafi listed the top three export destinations as Russia, Armenia and Kazakhstan.

He, however, said top exporters to Iran in the nine-month duration were Russia with 4.3 million tons of goods valued at $1.5 billion and Kazakhstan with 1.1 million tons of goods worth $298 million.

The IRICA head added basic goods and livestock food constituted over 95 percent of Iran’s imports.

Iran and the EAEU started implementing the agreement on preferential trade for 862 products as of October 27, 2019.

  • source : Iran Daily