Non-oil trade balance at $1.5b in 11 months

February 26, 2019

TEHRAN- Iran’s non-oil trade with other countries registered a $1.5-billion positive balance in the first eleven months of the current Iranian calendar year (March 21, 2018 – February 19, 2019), Finance and Economic Affairs Minister Farhad Dejpasand announced.

Speaking in a gathering of the governors general of Iran’s provinces on Monday, the minister put the value of non-oil exports at $40 billion and that of the imports at $38.5 billion in the mentioned period of time, IRNA reported.

Dejpasand mentioned the positive balance a very satisfactory result given all limitations the country is already facing.

As previously announced by the Islamic Republic of Iran Customs Administration (IRICA), the value of Iran’s non-oil exports stood at $46.931 billion in the past Iranian calendar year of 1396 (ended on March 20, 2018), with 6.56 percent growth from $44.42 billion in its preceding year.

The country’s imports of the non-oil products during the past calendar year stood at $54.302 billion, indicating 24.31 percent increase from the figure of its previous year.

MA/MA

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