BAKU, Azerbaijan, July 16. Iran anticipates that its trade turnover with Serbia will rise to between $300 million and $400 million by the end of the next Iranian year (March 20, 2027), said Faraz Chamani, Iran’s trade attaché in Serbia, Trend reports.
Speaking to local media, Chamani said that during the last year (from March 20, 2024, through March 20, 2025), the trade volume between the two countries reached $65 million, marking a 55 percent increase compared to the year before (from March 21, 2023, through March 19, 2024).
Despite Serbia’s population being under 7 million, Chamani noted that the country holds strategic importance due to its access to European markets. Serbia represents a key entry point to Europe, and Iran is keen to capitalize on this significant market.
"Serbia has 15 free trade zones, allowing companies operating within them to export products to European Union (EU) countries without paying customs duties. Additionally, Serbia maintains free trade agreements with the EU, the Eurasian Economic Union (EAEU), China, Türkiye, Egypt, the United Arab Emirates (UAE), and other nations," he added.
In the past Iranian year, Iran’s non-oil trade turnover amounted to $130 billion.
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