Iran’s export to Russia grows by 41%

[Aramagedon]

Tehran (ISNA) – Iran’s export to Eurasian countries has grown 72%, reaching $783 million during the first 9 months of the Iranian year, most of which is related to trade exchanges with Russia with 41% growth in the value.

Iranian customs office spokesman, Seyyed Rouhollah Latifi said, “Iran’s export to Armenia, Belarus, Kyrgyzstan, Kazakhstan and Russia during the first 9 months of the Iranian year has been totally 2.519 million ton equivalent to $783 million, raising 116% in weight and 72% in value compared to same period last year. Iran has also imported more than 2.274 million ton equivalent to $991 million from the members of the Eurasian Economic Union during the same period, showing 47% growth in weight and 7% decline in value compared to last year”.

On Eurasian Economic Union member states’ share in trade with Iran, Latifi said, “Iran’s export to the states during the first 9 months of the year comprises 2.42% and 2.46% of Iran’s total non-oil exports, respectively in weight and value”.

According to the spokesman, the most amount of Iran’s foreign trade with Eurasian Economic Union member states in related to Russia with $277 million in export and $864 million in import which show 41% growth in the value of exports and 7% decline in imports from Russia compared to same period last year.

Iran’s export to Armenia has also grown by 169% reaching $343 million.

https://en.isna.ir/news/98102922208/Iran-s-export-to-Russia-grows-by-41

 

[FuturePAF]

Pistachios and Carpets?

 

[Navigator]

In Russia, I saw from Iran mainly various fruits, vegetables, spices and nuts (from tomatoes to watermelons, dates, saffron etc) + dinnerware, carpets and some building materials (cement, etc.)
Overall, the development of a free trade zone between Iran and the Eurasian economic union should now significantly increase russia-iranian trade.

 

[Aramagedon]

Iran expects steel exports to touch $5 billion despite US economic terrorism

Iran expects its steel exports to touch 10 million tonnes in the year to March 21, 2020 despite tyrannical sanctions imposed on the country by the US, a senior official says.

According to Press TV, the exports will bring in $4 billion to $5 billion for the country which is hard pressed for money amid an aggressive US push to sink Iran’s oil revenues to zero, head of the country's largest holding in metals sector known as IMIDRO Khodadad Gharibpour said.

Earlier this month, the Trump imposed new illegal sanctions on Iran’s metals sector, targeting the construction, manufacturing, textiles, mining, aluminum, copper, iron and steel industries.

Last month, the US government warned against exports of steel-making materials to Iran, including graphite electrodes and needle coke.

However, Iran’s Minister of Industry, Mine and Trade Reza Rahmani put the damper on Washington’s haughty grandstanding, saying Iranian producers had obtained the technology to make graphite electrodes.

“The aim of harsh American sanctions on the metal industry is to stop Iran’s exports, but this did not happen practically and we are seeing a boom in exports,” Gharibpour said on Tuesday.

Over the current Iranian year, he said, exports of National Iranian Copper Industries Co and Mobarakeh Steel Company have risen by more than $1 billion.

Iran is a leading producer of steel in the world, with officials saying exports continue despite the US economic terrorism.