Azerbaijan accounts for nearly one fifth of Iran's trade turnover with Caspian littoral countries

In the ten months of Iran's calendar year (from March 21 to January 20), the trade turnover with Caspian littoral countries increased by 9.19% to $3.03 billion, Iran's Customs Administration said, Report informs, citing foreign media.

During the year, Iran's freight turnover with the Caspian littoral countries decreased by 12.59% to 5.54 million tons.

During the reporting period, Iran's main trade partner was Russia with $1.79 billion (1.27% less than the previous year). Cargo turnover with this country dropped 20.23% to 3.11 million tons.

Azerbaijan comes second with $583.37 million (+23.45%) (cargo turnover increased by 9.59% to 647,809 tons), followed by Turkmenistan with $389.65 million (+32.64%) (cargo turnover fell by 2.65% to 1.1 million tons), and by Kazakhstan with $265.9 million (+33.21%) (cargo turnover increased by 11.27% to 664,991 tons).

In the same period, the exports amounted to 3.25 million tons worth $1.67 billion of trade turnover, showing an increase of 3.41% and a decline of 23.81% compared to the year, respectively.