News ID: 323410
Published: 0333 GMT August 10, 2022

Iran non-oil trade up 31% in 11-month period

Iran non-oil trade up 31% in 11-month period
IRNA

Economic Desk

Iran’s non-oil trade soared 31% in the past 11 months of the Persian calendar year to exceed $100 billion, the customs office said on Wednesday.

“From August 23, 2021 to July this year, 151.5 million tons of goods worth $102 billion were traded between Iran and other countries, which indicates a 31% growth in value compared to the same period a year earlier,” Rouhollah Latifi, the spokesman for the Islamic Republic of Iran Customs Administration (IRICA), said, according to IRNA.

The increase took place during the first year of the administration of President Seyyed Ebrahim Raeisi, who assumed the office in August last year.    

Latifi said the 11-month time span saw Iran exporting about 113 million tons of commodities worth $48.2 billion – 27% up compared to previous corresponding period.

However, the country’s imports outweighed exports, setting a trade balance deficit of about $5.4 billion.

The IRICA spokesman said Iran’s imports mainly constituted essential items including COVID-19 vaccines, raw materials, livestock fodder, and factory machinery.

 

 

 

 

 

 

   
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