Iran’s non-oil exports to Russia continued to increase this year amid existing arrangements for preferential trade agreements between Iran and the Russian-led economy, as well as growing political and economic cooperation between the two countries.
Iran’s exports to Russia totaled 1.056 million tonnes (metric tons) and $803 million in the nine calendar months ending December 20, according to statistics released by the Islamic Republic of Iran Customs Authority (IRICA) on Tuesday. reached a considerable amount.
According to Press TV, according to IRICA data, exports increased by 14% in value terms compared to the same period last year.
According to the figures, imports from Iran amounted to 1.491 billion tons, valued at $1.099 billion, and from April to December, Iran had a trade deficit with Russia of nearly $300 million.
According to IRICA officials, Iran’s main export item to Russia in the nine months to the end of December was peppers, with shipments increasing by 175% compared to the same period last year.
Russia’s main export item to Iran is raw gold, with the country exporting approximately 3,595 kilograms of the metal worth $281 million to Iran during the period.
Russia and Iran have expanded their trade ties in recent years to offset the impact of Western economic sanctions.
Trade also increased with the signing of a preferential trade agreement between Iran and the Russian-led Eurasian Economic Union (EAEU) in 2019.
Experts believe trade between Iran and Russia will increase significantly if the EAEU concludes a long-awaited free trade agreement with Tehran in the coming months.
MNA