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But the IMF also noted that Tehran was having difficulty accessing some of its reserves as its relations with foreign banks were constrained by the threat of US sanctions. Meanwhile, sanctions could cut the current account surplus sharply given the severe disruption they are causing to trade.
5.1.2 Import/export dynamics
Iran-Turkmenistan 1H22 trade $233mn versus $227mn in full year 2021
Tajikistan significantly increased exports to Iran in 1H22
Iran’s 1H22 trade with Turkmenistan amounted to $233mn, exceeding the figure of $227mn recorded for all of 2021, Iranian Ambassador to Turkmenistan Gholam Abbas Arbab Khales told the official IRNA news agency on August 29.
The Islamic Republic has in the past year under a new government stepped up its efforts to boost economic relations and trade with regional countries. The country’s trade with neighbouring states including neighbouring Turkmenistan also expanded substantially last year.
Turkmen President Serdar Berdimuhamedov visited Tehran in June.
Lately, Turkmenistan officially declared its Turkmenbashi port on the Caspian Sea part of the International North-South Transport Corridor (INSTC), which links Russia and Central Asia with Iran’s Persian Gulf and Sea of Oman (Indian Ocean) ports, with the latter offering maritime trade connections with India.
Tajik exports to Iran amounted to $61mn in 1H22, 12 times higher y/y, Trend reported on July 22, citing the Tajik Customs Service.
Tajikistan exported $58.6mn worth of cotton to Iran during the reporting period, up 17 times y/y.
Tajikistan imported goods from Iran with a value of $55mn in January-June,
27 IRAN Country Report September 2022 www.intellinews.com