The volume of trade between Iran and Kazakhstan hit $112 million in the first half of the current Iranian calendar year, which started March 21, indicating a 34% year-on-year growth, according to the head of Iran-Kazakhstan Joint Chamber of Commerce.
Speaking to ILNA, Amir Abedi added that Iran’s exports to Kazakhstan had a 29% growth in the six-month period, while imports from the Central Asian country rose by 49%, compared to the corresponding period last year.
Iran exported $79.9 million worth of goods to Kazakhstan in six months, while the figure for imports from the country stood at $32.3, which means the trade balance between the two countries has been in favor of Iran, Abedi added.
He said barley has been the only item that Iran has imported from Kazakhstan, valued at $27.1 million.
The capacity for trade between the two countries is around $6 billion, Abedi said, adding it would be materialized if Iran can meet Kazakhstan’s demands.
He went on to say that an annual $1.2 billion worth of exports to Kazakhstan would be within reach, if Iran’s two-year plan is realized.