Iran News ...


12/27/12

Iran's annual exports to Azerbaijan projected to hit $600m: Envoy

Source: Tehran Times

BAKU - Iran exported around $384 million worth of goods to Azerbaijan during the first eight months of the current Iranian calendar year, which began on March 20, Iranian Commercial Attache in Baku Faraj Shahidi said, adding that the figure is projected to reach $600 million by the end of the year.


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Cement, potatoes, petrochemical products, construction materials, and food products were the main exported goods from Iran to Azerbaijan, Shahidi told IRNA on Tuesday.

The value of exports during the 8-month period showed over 18 percent increase compared to the same period in the previous year, he noted.

Azerbaijan exported some $37 million worth of goods, mainly steel, iron, and wood products to Iran during the mentioned period, Shahidi said.

Iran conducted $65.4 billion in trade of non-oil goods with other countries during the 8-month period, according to Iranian Customs Administration Director Abbas Memarnejad.

Over 51.8 million tons of goods, valued at around $28 billion, were exported, and 27.2 million tons of goods, worth nearly $37.4 billion, were imported during the eight-month period, the Fars News Agency quoted Memarnejad as saying on December 1.

Iraq, China, and the United Arab Emirates were the three top importers of Iranian goods during the period, while the United Arab Emirates, China, and Turkey were the leading exporters of goods to Iran, Memarnejad said.

Iran exported around $43.7 billion worth of non-oil goods in the previous Iranian calendar year and imported about $61.8 billion worth of non-oil goods to hit the unprecedented mark of $105 billion in annual trade.

Trade Promotion Organization of Iran Deputy Director Kiyumars Fat'hollah Kermanshahi said in May that annual imports and exports are projected to reach $77 billion and $83 billion respectively by March 2016.

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