IRICA chief Mehdi Mir Ashrafi said on Wednesday that Iran’s trade with Russia had amounted to nearly $2.626 billion in value terms over the past calendar year.
Mir Ashrafi said, however, that Iran had posted a trade deficit of $1.608 billion with Russia in the year to late March, saying that imports from Russia reached over $2.116 billion over the period, an increase of 19% compared to the previous year.
Iran’s exports to Russia also increased by 10% year on year in late March to nearly $510 million, he said.
The IRICA chief said trade with Russia had accounted for 77% of Iran’s total trade with the EAEU, a bloc of countries with which Iran has been in a preferential trade arrangement since October 2019.
Kazakhstan was Iran’s second top trading partner in the EAEU with nearly $370 million worth of exchanges in the year to March while Armenia came third at nearly $340 million, said Mir Ashrafi who added that Belarus and Kyrgyzstan were down on the list on $52 million and $48 million, respectively.
IRICA figures showed that trade with EAEU had accounted for 4.6% of Iran’s total trade in the year to late March.
However, Mir Ashrafi said the flow of trade with the EAEU had been mostly stable compared to a 15% decline in trade with the rest of the world reported for the last calendar year because of coroanvirus restrictions.
Original News : https://presstv.com/Detail/2021/05/12/652529/Iran-Russia-trade-EAEU-bloc-IRICA-figures