Kazakhstan and Iran have recently signed a co-operation agreement that will see greater use made of the Port of Amirabad to ship an enhanced portfolio of commodities. Throughout 2023, capacity will be boosted to enable 250,000 tonnes of grain to be shipped, rising to one million tonnes by the end of 2025, says Kazakhstan’s Ministry of Trade and Integration.
In 2022, overall trade between Kazakhstan and Iran increased by 19.8% compared to the previous year, totalling $528 million. Furthermore, in the medium term, Kazakh companies are ready to supply Iran with around 75 types of processed goods worth $250. These will primarily be agricultural products. Traditionally, the main Kazakh exports to Iran have been wheat, barley, sunflower oil, flax seeds, aluminium and ferrous metals. Imports have been petroleum products, fresh vegetables and fruits, as well as construction materials. Potential trade between the two countries could eventually reach $3 billion, claim the Iranians.