News ID: 280798
Published: 0336 GMT February 17, 2021

Iran’s one-month exports hit $2.9b: IRICA

Iran’s one-month exports hit $2.9b: IRICA

The total value of non-oil export shipments from Iran between December 20, 2020 and January 19, 2021 reached $2.9 billion, according to figures released by the Islamic Republic of Iran Customs Administration (IRICA).

Shipments to China, the top customer of Iranian goods, declined by $249 compared to the previous month to stand at $827 million, IRICA figures showed, reported Press TV.

The value of shipments sent to Iraq, the United Arab Emirates, Turkey and Afghanistan had amounted to $1.3 billion or nearly 44 percent of all export revenues gained over the period.

Iran had a trade deficit of $830 million in the 10th month of the current calendar year as the total value of trade reached $6.7 billion, up from $6.302 seen at the end of the previous month.

IRICA posted a trade deficit of $2.5 billion for the 10 months between March 20 last year and January 19 this year. The total value of imports and exports over that period had reached $58.7 billion.

Iran has maintained a smooth flow of trade with various parts of the world this calendar year despite economic sanctions imposed by the US and border closures caused by the spread of the coronavirus pandemic.

The country has introduced measures to boost non-oil trade, a move largely aimed at reducing the government’s dependence on oil revenues and to offset the impacts of US sanctions targeting crude sales.

The value of non-oil exports from Iran in the last Iranian year ending March 20, 2020 had topped $41.3 billion.

   
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