News ID: 278559
Published: 0258 GMT December 23, 2020

Iran’s nine-month trade hits $52b: IRICA

Iran’s nine-month trade hits $52b: IRICA

The value of Iran’s non-oil trade during the nine months of the current Iranian year (March 20-December 20) reached $52 billion, announced the governor of the Islamic Republic of Iran Customs Administration (IRICA).

Mehdi Mir-Ashrafi put the total weight of the country’s non-oil trade at 110 million tons, IRNA reported on Wednesday.

He added that in the period to December 20, Iran exported 58.2 million tons of non-oil goods valued at $25.1 billion and imported 25 million tons of commodities worth $26.8 billion.

This figure, he said, considering the conditions caused by the outbreak of the COVID-19 epidemic and the oppressive US sanctions, is a sign of the efforts of the exporters as well as the producers of our country.

According to Mir-Ashrafi, imports in the said period declined one percent and 16 percent in terms of weight and value, respectively.

Exports also recorded a fall of 17 percent and 20 percent in terms of weight and value, respectively.

Noting that the descending trend of the country’s foreign trade was ending, and that trade was getting back to normal, the official said, “As we announced in previous months, fortunately, the downward trend of our country’s exports is approaching normal conditions month by month.”

Iran's top five non-oil export destinations during this period were China with $6.4 billion worth of exports, Iraq with $5.9 billion, the United Arab Emirates (UAE) with over $3.3 billion, Turkey with $1.8 billion, and Afghanistan with $1.7 billion.

Meanwhile, the country’s top five sources of imports during this period were China with $7 billion, the UAE with $6.3 billion, Turkey with $3 billion, India with $1.6 billion, and Germany with $1.6 billion worth of imports.

Most of the imported goods were basic goods or raw materials, Mir-Ashrafi stressed.

Also a total of 5.2 million tons of commodities were transited to other countries through Iran, 10.9 percent less than the figure for the same period in the previous year, said the governor.

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