Financial Tribune

Iran exported a total of 4.79 million tons of goods worth more than $1.75 billion to the Commonwealth of Independent States during the last Iranian year (March 2019-20) to register a 133% rise in value compared with the year before, according to the spokesperson of the Islamic Republic of Iran Customs Administration.

“Our main export destinations in the CIS region were Russia with more than $457 million, Azerbaijan with $429 million and Armenia with $231 million,” Rouhollah Latifi was also quoted as saying by IRNA.

The official noted that around 1.17 million tons of commodities worth $1.56 billion were imported from the CIS states last year, registering a 10% year-on-year decline.