TODAY.AZ / Business

Iran’s food & agricultural exports to Azerbaijan decline

30 November 2017 [13:17] - TODAY.AZ

By  Trend


Iran's exports of food and agricultural products to Azerbaijan witnessed a fall by 18 percent in terms of value during the first half of the current fiscal year (March 20-Sept. 22).

The Islamic Republic exported $17 million worth of agricultural and food products to the neighboring country, which makes 1 percent of Iran’s overall exports in the sector.

A report released by the Federation of Iranian Food Industries Association reveals that Azerbaijan was 18th destination of the Iranian agricultural and food products in the six-month period.

Iraq was main importer of agricultural and food products from the Islamic Republic. Tehran sold $1,028.2 million worth of food and agricultural products to the country, which was equal to 45 percent of the Islamic Republic’s overall food and agricultural exports. However, Iran’s agricultural and food exports to Iraq registered a decline by 6 percent in terms of value year-on-year.

After Iraq, Afghanistan ($285.5 million), the UAE ($115.7 million), Pakistan ($106.8 million), Germany ($79.5 million), Turkey ($89.8 million), Russia ($52.4 million) and Hong Kong ($50.5 million) were among other top destinations for Iran’s food and agricultural exports.

Iran’s food exports to Qatar registered a huge rise by 288 percent to $33.5 million in the period.

The Islamic Republic's exports to Turkey also registered a significant rise by 69 percent. The highest negative growth belongs to Vietnam, where Tehran exported $19.6 million worth of agricultural and food products, 71 percent less year-on-year.

Iran exported $2,274.1 million worth of agricultural and food products in the first half of the current fiscal year, 3 percent less year-on-year.

URL: http://www.today.az/news/business/167299.html

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