BAKU, Azerbaijan, March 12. Iran's imports from Azerbaijan during the 11 months of the current Iranian year (from March 20, 2024, through February 18, 2025) have decreased by over 31.5 percent in value and 32.5 percent in weight compared to the same period last year (from March 21, 2023, through February 19, 2024).
Data obtained by Trend from the Iranian Customs Administration indicates that Iran imported goods from Azerbaijan worth around $28.7 million, totaling 11,700 tons during this period.
In the previous fiscal cycle, the quantitative assessment of
Iran's importation metrics from Azerbaijan was recorded at $41.9
million, encompassing a cumulative mass of 17,300 tons.
The import portfolio of Iran from Azerbaijan predominantly
encompassed a diverse array of equipment, compressed soybeans, and
an assortment of profiles, alongside a multitude of other product
categories.
Furthermore, Iran's overall trade turnover with Azerbaijan for these eleven months amounted to $664 million and 811,000 tons. This marks a growth of over 10.3 percent in value and 11.7 percent in weight compared to the previous year’s figures.
The administration data also shows that Iran imported 35 million tons of products worth $63.6 billion during 11 months, meaning an increase of 5.6 percent in value but a decrease of 2.6 percent in weight terms compared to the same period last year.
In general, Iran mainly focuses on the import of essential products needed by the country and applies certain restrictions on the import of goods produced domestically.
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