Sep 21, 2022 15:40 UTC
  • Iran’s trade with Russia up by 31% in first five months

The Spokesman for the Iranian Ministry of Industry says that Iran’s trade with Russia has experienced an increase of 31% in the first five months this year.

According to Mehr News Agency, in a press conference, Omid Ghalibaf pointed to the condition of home appliance exports and said that the export of home appliances has grown by 17% in the first five months of this year (March 22-August 22, 2022).

The spokesman added that according to plans the exports of home appliances will increase to $440m by the end of the year.

He went on to say that Iran exports its household appliances to neighboring countries such as Iraq, Turkmenistan and Azerbaijan.

Ghalibaf added that Iran-Russia trade has grown by 31% in the first five months of this year.

The official further said that in the recent Russian car show, a 700-million-dollar memorandum was signed and the issue of importing Iranian-made car variants Shahin and Tara to Russia was also discussed.

He added that no cars are going to be imported from India and Brazil so far, stressing that Iranian companies have only negotiated with good European and Korean automobile companies.