Date,
Time MSK

27.06.2016




Iranian-Russian Bilateral Trade in 2015


In 2015 Iranian-Russian bilateral trade volume decreased by 26% and reached 1.24 billion USD compared to 1.68 billion USD in 2014.


Iranian exports to Russia fell to 0.24 billion USD (by 32%) while imports fell to 1.00 billion USD (by 24%) (see Figure 1).



Figure 1. 2007-2015 Iranian-Russian bilateral trade turnover, billion USD. Source: ITC Trade Map.

Figure 1. 2007-2015 Iranian-Russian bilateral trade turnover, billion USD.png



Iranian exports to Russia


Iran primarily exports to Russia the following products (see Figure 2, Table 1):



In 2015 the imports of Iranian made products in Russia experienced a significant rise. The imports of ores, slag and ash rise by 918%; the imports of miscellaneous edible preparations- by 525%.



Figure 2. Structure of Iranian Exports to Russia in 2015. Source: ITC Trade Map.

Figure 2. Structure of Iranian Exports to Russia in 2015.png



Table 1. Key products exported from Iran to Russia in 2015. Source: ITC Trade Map.


Product HS Code

Product Type

Volume in 2014, USD thousand

Volume in 2015, USD thousand

Change in 2015, %

Share in total product imports, %

Tariff applied by Russia to Iranian products

7

Edible vegetables and certain roots and tubers

$117,414

$93,614

-20%

5.10

9.3

8

Edible fruit, nuts, peel of citrus fruit, melons

$103,264

$74,700

-28%

1.90

3.9

25

Salt, sulphur, earth, stone, plaster, lime and cement

$42,211

$13,445

-68%

1.60

3.7

39

Plastics and articles thereof

$19,044

$12,416

-35%

0.20

6.9

20

Vegetable, fruit, nut, etc food preparations

$23,857

$9,369

-61%

0.90

8.2

84

Machinery, nuclear reactors, boilers, etc

$1,450

$6,348

338%

0.00

1.9

30

Pharmaceutical products

$13,215

$5,859

-56%

0.10

5.5

29

Organic chemicals

$11,851

$4,064

-66%

0.20

3.4

26

Ores, slag and ash

$381

$3,878

918%

0.40

1.1

9

Coffee, tea, mate and spices

$2,219

$2,876

30%

0.20

2.3

87

Vehicles other than railway, tramway

$2,805

$1,975

-30%

0.00

12.6

21

Miscellaneous edible preparations

$234

$1,462

525%

0.10

12.5

70

Glass and glassware

$2,921

$1,232

-58%

0.20

11.3

73

Articles of iron or steel

$2,009

$1,084

-46%

0.00

9.3



Russian exports to Iran


In 2015 Russia has exported to Iran the following products (see Figure 3, Table 2):



2015 showed a significant rise in Russian exports to Iran of machinery, nuclear reactors, boilers (+350%). At the same time the exports of mineral fuels, oils, distillation products (-65%) showed a significant fall (see Table 2).



Figure 3. Structure of Russian Exports to Iran in 2015. Source: ITC Trade Map.

Figure 3. Structure of Russian Exports to Iran in 2015.png



Table 2. Key products exported from Russia to Iran in 2015. Source: ITC Trade Map.


Product HS Code

Product Type

Volume in 2014, USD thousand

Volume in 2015, USD thousand

Change in 2015, %

Share in total product imports, %

10

Cereals

$532,817

$431,025

-19%

22.9

72

Iron and steel

$396,524

$201,353

-49%

4.4

44

Wood and articles of wood, wood charcoal

$130,010

$117,956

-9%

3.9

84

Machinery, nuclear reactors, boilers, etc

$15,240

$68,624

350%

0

15

Animal, vegetable fats and oils, cleavage products, etc

$42,090

$32,271

-23%

5

48

Paper and paperboard, articles of pulp, paper and board

$26,149

$28,913

11%

0.9

85

Electrical, electronic equipment

$52,625

$22,229

-58%

0.1

28

Inorganic chemicals, precious metal compound, isotopes

$16,544

$20,989

27%

0.4

49

Printed books, newspapers, pictures etc

$8,054

$17,560

118%

0.2

27

Mineral fuels, oils, distillation products, etc

$27,971

$9,903

-65%

0.8

47

Pulp of wood, fibrous cellulosic material, waste etc

$10,092

$7,163

-29%

0

89

Ships, boats and other floating structures

$14,772

$6,288

-57%

0

39

Plastics and articles thereof

$6,345

$4,932

-22%

0

24

Tobacco and manufactured tobacco substitutes

$4,887

$4,798

-2%

0.2



Table 3 represents basic macroeconomic and foreign trade indicators for both countries.




Table 3. Macroeconomic Indicators for Russia and Iran. Source: IMF World Economic Outlook Database, April 2015


Macroeconomic Indicator

Russia

Iran

GDP in 2014, billion dollars

1,857.461

404.132

GDP in 2015, billion dollars

1,175.996

393.495

Inflation, average consumer prices, %

7.82

16.50

Volume of imported goods, billion dollars

282.6

43.5

Volume of exported goods, billion dollars

492.1

37.9

Unemployment rate, %

5.10

12.28

Population, millions

143.7

78.9


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