Iran’s imports form U.S. down 40% in 11 months

March 10, 2018 - 18:4

TEHRAN- Iran’s imports of goods from the U.S. during the 11-month period ended on February 19 fell 40 percent compared to the same period of time in the previous year, according to the data released by the Islamic Republic of Iran Customs Administration (IRICA).

The IRICA data showed that Iran has imported 31,000 tons of commodities worth $150 million from the U.S. during the 11-month period of this year, while the figure was $215 million in the same time span of the previous year, Tasnim news agency reported on Saturday.

The value of Iran’s non-oil trade with foreign partners stood at $89.347 billion in the 11-month period ended on February 19. 

The country exported $41.69 billion of non-oil commodities during the mentioned period of time with five percent growth from the figure of the same time span in the past year.

Iran’s imports of the non-oil goods stood at $47.657 billion in the 11-month period, showing 23 percent increase from that of the previous year, making the country’s trade balance negative for $6 billion.

Gas condensate, liquefied propane, methanol and low-density oils were the major exported products with China, the United Arab Emirates (UAE), Iraq, Turkey and South Korea their main export destinations.

Automobile parts, corn as livestock feed, rice, soy bean and motor vehicles were the main imported goods and China, UAE, South Korea, Turkey and Germany were the top exporters of commodities to Iran during the mentioned time span.


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