Iran's Trade with Caspian States Nearly 2.5 Billion Dollars in 8 Months

Iran’s Customs Administration announced that the country’s trade with the Caspian Sea littoral states reached 4.62 million tons worth over $2.49 billion during the first eight months of the current Iranian year, registering over 17.47% rise in value, but a 5.2% fall in terms of weight compared to the similar period last year.

Russia was Iran’s main trade partner among the Caspian Sea littoral states with 2.63 million tons (up 23.73%) worth $1.48 billion (up 8.36%) during the period under review.

It was followed by Azerbaijan with 517,497 tons (down 9.42%) worth $484,993 million (up 32.87%), Turkmenistan with 924,553 tons (down 0.16%) worth $311,820 million (up 35.58%), and Kazakhstan with 560,878 tons (up 30.62%) worth $209,164 million (up 39.11%).

Iran’s exports exceeded 2.64 million tons worth $1.33 billion during the period, registering a 7.56% and 29.44% rise in weight and value respectively.

The Caspian Sea littoral states include Iran, Russia, Azerbaijan, Kazakhstan and Turkmenistan – countries rich with energy resources such as oil and gas.

Russia and Iran agreed earlier this year to expand the use of their national currencies in trade.

4155/Azra Varasteh