Iran’s imports from Russia increase by $494%

Iran purchased 61 percent of its totally imported goods during the first two months of current fiscal year (March 20-May 20) from five countries - China, the United Arab Emirates, Russia, Turkey and South Korea.

China was the main exporter of goods to Iran in the mentioned period. Beijing's exports accounted for 21.4 percent of Iran's total imports in terms of value.

Iran imported $1.175 billion worth of goods from China during the 2-month period, according to the latest statistics released by Trade Promotion Organization of Iran (TPOI).

China exports to Iran witnessed a fall of 20 percent in terms of value, according to the report.

Iran also imported $1 billion worth of goods from the UAE (39 percent fall), which marks 18.3 percent of Iran's total imports' value.

Russia, Turkey and South Korea exported $420 million, $396 million, and $347 million worth of goods respectively to Tehran.

Iran's imports from Russia recorded a huge rise by 494 percent year on year.

South Korea exports to Iran indicated a decrease by 40 percent, meanwhile imports from Turkey registered a fall by 23 percent.

Germany, Switzerland, Netherlands and Italy were also European countries which took place among top exporters of goods to Tehran in the first two months of current fiscal year.

Germany was the sixth top goods exporter to Iran with $292 million worth of exports (indicating an increase by 15 percent), followed by India($280 million, 31 percent fall), Switzerland ($251 million worth of goods, 27 percent fall), Netherlands ($145 million, 93 percent increase), and Italy ($141 million, two percent increase).

Iran imported $5.5 billion worth of goods during the first two months of its current fiscal year (March 20-May 20), which indicates a 13.5 percent decline, compared to the same period of preceding year.

/By Trend/