Bilateral Relations

Russia-Iran trade volume increase by 41% from March to December 2021

by IRNA

Trade volume between Russia and Iran has increased 12 percent in terms of weight and 41 percent in terms of value in the first nine months of this Iranian calendar year (March 21, 2021 to December 21, 2021), according to an Iranian official.

Spokesman for the Islamic Republic of Iran Customs Administration (IRICA) Ruhollah Latifi announced on Sunday that the trade figure stood at over 3.5 million tons worth 1.656 billion dollars from March 21, 2021 to December 21, 2021.

Ahead of President Ebrahim Raisi’s upcoming visit to Moscow, Latifi said that Iran exported 2,729,889 tons of goods worth 1,224,119,930 dollars to Russia and imported 838,602 tons of commodities worth 432,877,392 dollars during the nine months.

The official statistics of the IRICA indicate that Iran’s imports from Russia hiked 11 percent in terms of weight and 45 percent in terms of value, while the Islamic Republic’s exports to the neighboring country increased 15 and 29 percent in terms of weight and value respectively in the same period, he added.

Comparing imports from Russia in the same period of this year to two years ago shows an increase of 32 and 41 percent in terms of weight and value respectively, he said, noting that the exports to Russia also increased 51 and 57 percent in terms of weight and value respectively.

Iran imported 2.73 million tons of livestock products, foods, livestock inputs, agricultural products from Russia, Latifi said, adding that Iranian exports to Russia were mainly poultry products, fruits, agricultural and food products worth 267,240,390 dollars.

The Russian Federation is one of the most important neighboring states, the official maintained, adding that Iran attaches great importance to trade, economic, and political ties with Russia, so the mutual relationships witnessed an eye-catching boom in recent years.

Source
IRNA
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