Iran’s exports to Caspian Sea littoral states up 45%

Rahmatollah Khormali, the director-general of Iran’s Trade Promotion Organization (TPO), made the remarks on September 26 and stated that Iran’s export of products to the Caspian Sea littoral states indicated a 45 percent hike in the first five months of the current year (from March 21 to August 23), Report informs, citing Mehrnews.

According to the customs statistics, he added that the country’s export value to the Caspian Sea littoral states hit $814 million, showing about 45 percent growth.

Among four countries of the Caspian Sea littoral states, the Republic of Azerbaijan, Turkmenistan, and the Russian Federation accounted for the maximum share of Iran’s export products, as much as 84, 40, and 31 percent, respectively.

The 2nd Economic Conference of Caspian Sea Littoral States will be held in the Russian capital of Moscow on Oct. 4-7, 2022, with the participation of prime ministers and chairpersons of chambers of commerce of the regional countries as well as senior officials of the Islamic Republic of Iran.