Iran: Annual exports to Russia up 57% to more than $740 million

Iran exported 1.41 million tons of goods, worth $743.88 million, to Russia in the fiscal 2022-23. This amounted to a 25% and 57% rise in weight and value respectively compared with the year before. Russia ranked 10th on the list of Iran’s top export destinations during the period. Among these exports were kiwi fruit with $51.74 million, pistachio with $44.1 million and capsicum and pimenta pepper with $34.07 million.

Of course, trade between Iran and Russia fluctuated wildly in the three decades after the Soviet Union collapsed in 1991. It plummeted by 65% between 2010 and 2015 when the UN imposed sanctions on Iran, then nearly quadrupled by 2022 after international sanctions were lifted.


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