Azerbaijan and Iran significantly increase trade turnover in 2021

Azerbaijan and Iran significantly increase trade turnover in 2021

From January to November 2021, the trade turnover between Azerbaijan and Iran increased by 28.9% compared to the same period in 2020.

According to the report of the State Customs Committee of Azerbaijan, the trade turnover between the two countries exceeded $390,466 million in 2021. 

Exports from Azerbaijan to Iran for 11 months are estimated at $39,17 million, imports - at $351,29 million.

Exports to Iran increased by 6.6% year-on-year, while imports from Iran - by 32%.

In general, in January-November 2021, Azerbaijan's foreign trade turnover increased by 32.85% - by $ 7.463 billion compared to the same period in 2020.

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