Iran’s annual exports to Belarus rise 34%: Report

Iran exported $20 million worth of commodities to Belarus in the previous Iranian calendar year (ended on March 19), registering a 34 percent rise compared to the year before.

News ID: ۸۳۷۳۱۲

16 April 2024

EghtesadOnline: Based on the data released by Iran’s Trade Promotion Organization (TPO), carpets, polystyrene, polyester, powder paint, mineral oils, medicine, fruits, polyethylene, pistachios, raisins, and tomato paste have been the main items exported to Belarus in the mentioned year.

The Islamic Republic also imported $59 million worth of products from Belarus in the past year, which indicates an increase of 35 percent compared to the year before.

Back in October 2023, the Tehran Chamber of Commerce, Industries, Mines, and Agriculture (TCCIMA) hosted an Iran-Belarus business forum in which the two sides stressed the need to take necessary measures to reach an annual trade of $1.0 billion.

During the forum, which was attended by a delegation from the Minsk Department of the Belarusian Chamber of Commerce and Industry and representatives of several Iranian companies, the two sides signed a memorandum of understanding (MoU) to expand cooperation between the two chambers to achieve the above-mentioned trade target.

Iran and Belarus also signed a comprehensive cooperation roadmap and seven memorandums of understanding in mid-March 2023, as Belarusian President Alexander Lukashenko visited Tehran.

The cooperation roadmap and MOUs include various commercial, transportation, agricultural, and cultural fields.

The roadmap was signed by the presidents of the two countries, while the MOUs were inked by senior officials from the two sides. / Mehr