Russia, Iran Trade Exchange Volume Increases by 63%

The trade turnover between Iran and Russia amounts to $2.4 billion.

  • Volume of Trade Exchange between Russia and Iran Increased by 63%
    Russian Customs Service data indicated that the volume of Russian exports to Iran amounted to $1.752 billion

The Russian Federal Customs Service announced on Tuesday that the volume of trade exchange between Russia and Iran, from January to August of this year, amounted to $2.409 billion, a growth of 63% on an annual basis.

Customs Service data indicated that the volume of Russian exports to Iran amounted to $1.752 billion, recording an 81.8% increase; whereas the volume of imports from Iran amounted to $657.2 million, recording a 27.7% increase.

Iran's share in the total volume of Russian foreign trade increased during the reporting period from 0.4 percent in the previous year to 0.5 percent this year.

Trade exchange between Russia, China

As for the volume of trade exchange between Russia and China, it grew, from January to August 2021, by 30.3%, compared to the same period last year, amounting to $85.854 billion.

According to the Customs Service, exports from Russia to China increased by 33.6%, amounting to $42.304 billion, and the volume of Russian imports from China grew by 27.2%, to $43.55 billion.

China's share in Russia's total foreign trade volume fell in the reporting period to 17.7%, from 18.6% a year earlier.