TODAY.AZ / Business

Exports from Iranian Astara railway station more than doubles in 2020

28 September 2020 [19:33] - TODAY.AZ

By Azernews

By Ayya Lmahamad

Export of cargoes from the Iranian railway station Astara to Azerbaijan has increased more than twice, local media has reported.

Some 104,220 tons of products were exported to Azerbaijan through the Astara railway terminal in 2020, which is by 109 percent more than during the same period of 2019.

Thus, despite the pandemic, import and export operations between Iran and Azerbaijan continue. It should be noted that chemicals, household appliances and construction materials prevailed among goods exported from Iran to Azerbaijan.

Earlier it was reported that Iran was in the top three counties among the Persian Gulf with which Azerbaijan conducted the most trade operations. Thus, Azerbaijan’s foreign trade turnover with neighboring Iran amounted to $204.2 million during the period of January-August 2020. Iran was followed by the United Arab Emirates with trade turnover amounted to $26 million and with Saudi Arabia with $8.3 million.

Additionally, Iran was in the top three countries among the Persian Gulf, in terms of Azerbaijan’s import. Thus, import from Iran amounted to $181.6 million. Followed by the United Arab Emirates with $18.7 million and from Saudi Arabia with $7.1 million.

Azerbaijan’s foreign trade turnover amounted to $16.5 billion during the period of January-August 2020. The value of export amounted to $9.8 billion or 59.6 percent of the total turnover, while the value of import amounted to $6.6 billion or 40.4 percent. Thus, foreign trade turnover resulted in surplus of $3.1 billion.


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