BAKU, Azerbaijan, January 21. Iran's exports to
the Eurasian Economic Union (EAEU) member countries rose by
15%-16%, Deputy Minister of Industry, Mines and Trade and Chairman
of the Trade Development Organization of Iran Mohammad-Ali Dehghan
Dehnavi said at a solidarity meeting on the organization of the 4th
International Exhibition on Trade between Iran and the EAEU in
Tehran today, Trend reports.


However, he noted that Iran's non-oil exports saw a decline
during the reporting period.


Dehnavi further elaborated that a trade exhibition focused on
cooperation with the Eurasian Economic Union (EAEU) is scheduled to
take place in Tehran from February 1 to 4. Representatives from
EAEU member countries will also participate in this event. Notably,
87% of the products exchanged between the EAEU member states and
Iran are exempt from duties, unlocking significant potential for
Iran's export market.


The official emphasized that organizing this exhibition marks
the beginning of a pivotal phase in advancing trade relations, with
the Trade Development Organization of Iran playing a critical role
in supporting the private sector in this endeavor.


The deputy minister highlighted Iran’s strategic objective of
cultivating long-term trade relations with the EAEU member
countries. With the EAEU's annual global trade reaching
approximately $890 billion, securing a 5-10% share of this market
could potentially elevate Iran's trade volume with the union by an
estimated $40-80 billion.







Dehnavi pointed out that according to preliminary studies by the
Trade Development Organization of Iran, the potential for Iran's
exports to Russia is about $12 billion per year. This means that
Iran's current exports could increase by up to 10 times.


According to data from the Iranian Customs Administration
(IRICA), Iran’s total goods exports for the eight months of the
current Iranian year amounted to approximately $37 billion, or 105
million tons. While the export value experienced a 3.48% decline
relative to the previous year, the export volume showed a modest
1.17% increase.


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