Iran’s trade balance on positive trajectory

May 9, 2017

TEHRAN- Trade balance has been reported positive for the first month of the new Iranian calendar year 1396, Farvardin, (March 22- April 23, 2017), ISNA reported on Monday.

According to the released report, value of non-oil exports during the said time was $2.723 billion while the figure for imports stood at $2.348 billion; the trade balance was registered positive with $375 million in favor of non-oil exports.
Based on the latest data released by Iran's Customs Administration in late March, the country's trade balance was reported positive for the second consecutive year.
The country's value of exports during the Iranian calendar year of 1395 (ended on March 20) was reported to be $43.93 billion while the figure for imports stood at $43.684; the value of exports was $246 million higher than that of imports.
Gas condensate, liquefied natural gas (LNG) followed by low-density oils, associated petroleum gas (APG) and hydrocarbon gas liquids and finally liquefied propane were among top exported commodities from Iran.
The country's trade balance for the Iranian calendar year of 1394 (March 2015-March 2016) was also $924 million positive.

HJ/MA

Leave a Comment

4 + 13 =