2021-February-28 15:42
Economy
2021-February-23  17:59

Iran-EAEU Trade Balance Rises by $106mln

TEHRAN (FNA)- Iran’s trade balance with Eurasian Economic Union (EAEU) has grown by $106 million in 11 months (March 20, 2020 to January 19, 2021) in favor of Iran, Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) announced on Tuesday.

TCCIMA’s report on the value of trade with the EAEU member states indicated that the trade ties, excluding oil transit, stood at 1.8 billion dollars in the 10 months of the current Iranian calendar year (started March 20, 2020), which comprises nearly three percent of whole Iranian foreign trade, showing 8.4 percent decrease in comparison to the same period last year.

Iran exported around 2.2 million tons of non-oil goods to EAEU member states worth 824 million dollars within the 10-month period. The export declined 18 percent and four percent in terms of weight and value respectively.

Iran imported around 2.7 million tons of commodities from EAEU member states worth $956 million within the same period this year, indicating seven percent increase in terms of weight and 12 percent decrease in terms of value.

In relevant remarks last week, Iranian First Vice-President Eshaq Jahangiri termed multilateral agreements with the Eurasian states as one of the best options for Iran to increase the volume of its exports.