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Iran’s Non-Oil Trade With Eastern Europe Rises to $2.2 Billion

Iran traded 3.6 million tons of non-oil commodities worth $2.23 billion with the member states of the United Nations’ Eastern European Group during the first nine months of the current fiscal year (March 21-Dec. 21) to register a 29.69% and 33.04% growth in tonnage and value respectively compared with last year’s corresponding period.

Latest data released by the Islamic Republic of Iran Customs Administration also show that Iran’s exports totaled 2.01 million tons worth $945.88 million during the period, indicating a 43.97% and 31.84% increase in tonnage and value respectively year-on-year.

Imports stood at 1.59 million tons worth $1.2 billion, up 15.18% and 33.94% in tonnage and value respectively YOY.

The Eastern European Group, also known as Countries with Economies in Transition, is one of the five unofficial UN regional groups that act as voting blocs and negotiation forums.

Source: FINANTIAL TRIBUNE