News ID: 315448
Published: 0146 GMT August 10, 2021

Iran’s monthly exports rise over 50%: Customs authority

Iran’s monthly exports rise over 50%: Customs authority

Iran’s non-crude exports rose by over 50% in value terms in the month to July 22 compared to the same month in 2020, according to the Islamic Republic of Iran Customs Administration (IRICA).

Figures showed exports in the fourth month of the current Iranian year (June 22-July 22) amounted to $3.6 billion, up 53% against similar period last year, Press TV reported.

IRICA spokesman Rouhollah Latifi said that July sales were responsible for roughly a fourth of the total value of exports reported for the first fourth months of the current Iranian year at $14.3 billion.

During the month to July 22, China’s purchases rose by 94% compared to July 2020 to $1.25 billion, said Latifi, adding that Iraq had taken delivery of $473 million worth of goods from Iran over the same period, a 2% decline against last year.

Exports to the United Arab Emirates and Turkey were up 39% and 110% over the month to July 22, to $350 million and $350 million, respectively, he said, adding that sales to Afghanistan also increased by 18% year on year to reach a total of $258 million.

IRICA figures also showed Iran had a trade deficit of $714 million in the said month as imports topped $4.363 billion.

Main exporters to Iran over the period were the UAE at $1.51 billion, followed by China at $1.09 billion and Turkey at $487 million. Switzerland and Germany came fourth and fifth in the list at $155 million and $149 million, respectively.

The four-month balance of trade showed a slight deficit of $200 million, according to the figures which showed the value of imports recorded between late March and late July reached $14.5 billion.

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