Iranian Labour News Agency

| 17:28   
News code : ۱۱۵۱۴۷۹

Iran-Kazakhstan trade soars by 34%

Head of Iran-Kazakhstan Joint Chamber of Commerce says the trade between the two states in the first half of the current year has been around $112m and the figure shows 34% growth comparing to the same period last year.

Iran-Kazakhstan trade soars by 34%

Speaking to ILNA news agency, Amir Abedi said that the trade between Iran and Kazakhstan in the first half of the year hit $112m while it was $3.4m in the same period last year and the figure shows 34 percent growth.

"Iran’s exports to Kazakhstan saw 29% growth in the same period and in return its imports from Nur-Sultan have jumped by 49%."

Abedi said Iran exported to Kazakhstan goods worth $79.9m while its imports in the same period were $32.3. In other words, Iran’s exports to Kazakhstan have been 2.4 times more than Kazakhstan and the trade balance has been in favor of Iran, he added.

He reiterated that in the first half of the year barely has been the only item that Iran has imported from Kazakhstan which has been valued at $27.1m and it indicates the significance of barely in the trade with Kazakhstan.

Abedi noted that the potential for trade between Iran and Kazakhstan has been announced around $6b but it will possible if Iran can fully meet Kazakhstan’s demands and it is possible.

He went on to say that if the country use its potentials and plans for the next two years and improves the software and hardware infrastructures, then exporting goods worth $1.2 will be possible.