Monthly non-oil trade balance of $118m achieved

November 29, 2020 - 11:22

TEHRAN- Iran’s non-oil trade balance was $118 million during the eighth Iranian calendar month of Aban (October 22-November 20), the spokesman of the Islamic Republic of Iran Customs Administration (IRICA) announced.

Ruhollah Latifi put the country’s non-oil trade at $6.302 billion during the eighth month, of which $3.21 billion was the share of exports, while imports stood at $3.092 billion.

He said 10.248 million tons of commodities have been exported from Iran, and 2.549 million tons of goods have been imported to the country in the mentioned month.

As announced by the IRICA head, the value of Iran’s non-oil trade during the first eight months of the current Iranian calendar year (March 20-November 20) reached $44.6 billion.

Mehdi Mirashrafi has said that in the mentioned eight months, Iran imported $23.1 billion worth of goods, while the exports stood at $21.5 billion.

The total volume of traded goods was estimated at about 97.7 million tons, of which over 75 million tons were related to exports and about 21.8 million tons were imported goods.

According to Mirashrafi, the imports in the said period declined one percent and 18 percent in terms of weight and value, respectively.

The exports also experienced a fall of 14 percent and 19 percent in terms of weight and value, respectively.

Noting the downward trend of the country’s foreign trade is ending and the trade is getting back to normal, the official said: "As we announced in previous months, fortunately, the downward trend of our country's exports is approaching normal conditions month by month, and we hope to have better conditions in terms of exports by the end of the year."

Iran's top five non-oil export destinations during this period were Iraq with over $5.3 billion worth of exports, China with the same amount, the United Arab Emirates (UAE) with over $2.7 billion, and Turkey with $1.6 billion as well as Afghanistan with $1.5 billion.

According to the IRICA head, the top five sources of imports during this period were China with $6 billion, the UAE with $5.4 billion, Turkey with $2.6 billion, India with $1.4 billion, and Germany with $1.1 billion worth of imports.

Most of the imported goods into the country in the mentioned time span were basic goods or raw materials, Mirashrafi stressed.

Also in the said period, 4,471,000 tons of goods were transited through Iran to the neighboring countries, showing a decrease of 15 percent compared to the same period last year.

MA/MA

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