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Latest Status of the Increase in Iran’s Exports to Eurasia

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Latest Status of the Increase in Iran’s Exports to Eurasia

Current Situation of Iran’s Exports to Eurasia

Export Growth in Recent Years

Iran’s exports to Eurasian countries increased by 16% in the first half of 1404 (2025) compared to the same period last year, reflecting the positive impact of newly implemented trade agreements.

Iran’s exports to Kazakhstan grew by approximately 27% over the past year, making the country one of the emerging markets for Iranian goods.

The Eurasian Economic Commission has also reported a steady increase in trade exchanges among member states, indicating overall growth and dynamism in regional trade.

Economic analyses emphasize that the Eurasian Economic Union (EAEU) can provide Iran with opportunities to mitigate the effects of sanctions and to activate key transit routes such as the International North–South Transport Corridor (INSTC).

Why Are Exports to Eurasia Increasing?

1. Implementation of the Free Trade Agreement with the EAEU

A key factor is that the Free Trade Agreement (FTA) between Iran and the Eurasian Economic Union officially entered into force on May 15, 2025, allowing approximately 87% of goods to be traded with zero customs tariffs.

This has resulted in:

  • a significant reduction in customs costs;
  • increased interest among Iranian and Eurasian traders in export and import activities;
  • enhanced competitiveness of Iranian products in regional markets.

2. Growth of Non-Oil Trade

According to official statistics, the value of Iran’s non-oil exports to EAEU member states exceeded USD 2 billion over the past 12 months, representing an increase of around 20% compared to the previous year. Export volume during this period reached approximately 5.59 million tons of goods.

This figure includes exports to:

  • Russia (over USD 1 billion),
  • Armenia (around USD 500 million),
  • Kazakhstan (approximately USD 278 million),
    as well as smaller shares exported to other member countries.

3. Focus on Key Industries

Industries such as steel, petrochemicals, and mineral products constitute the main categories of Iran’s exports to Eurasia and play a crucial role in increasing the overall value of trade.

Challenges and Opportunities

Challenges

Banking restrictions and difficulties in financial transfers remain major obstacles to trade with Eurasia, as financial relations with Russia and other member states continue to face limitations.
Product standards and compliance with import regulations in some EAEU countries still require improvement for Iranian goods.

Opportunities

The North–South Transport Corridor can become a vital logistics route for Iranian exports to Eurasia and beyond, particularly if infrastructure development is completed.

With the continued implementation of the Free Trade Agreement, market experts expect further expansion of trade between Iran and the EAEU, and a larger share for Iran in regional markets over the long term.

Future Outlook

Increasing the Value of Iran–Eurasia Trade
According to various reports, there are targets to multiply the value of trade between Iran and the EAEU in the coming years, given the capacity of the common market and Iran’s strategic geographic position near EAEU countries.

The growth of non-oil exports also implies reduced dependence on sanction-affected markets and stronger domestic production, particularly in sectors such as steel, petrochemicals, construction materials, and consumer goods.