Iran’s agricultural trade deficit over the first quarter of the fiscal year (March 21-June 22) has improved by 4.1% from the average figures of the six years ending in March 2020, a research center says.
The National Center for Strategic Studies of Agriculture and Water, affiliated to Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA), released the country’s foreign trade statistics of agriculture and food industry on Wednesday.
The report aims to provide a clear vision of Iran’s agricultural situation.
It compares the figures from the country’s exports and imports of agricultural and food items with those of the past years.
Iran imported some 6.398 million tons of agricultural and food products valued at $3.573 billion in the three-month period, the report said, noting that the figures posted 75% growth in terms of weight and 34% in terms of value.
The report said that the Iranian imports of agricultural and food products accounted for 75% and 34% of the country’s total imports in terms of weigh and value respectively.
The country’s three-month import shows 35.5% growth compared with figures from the preceding year while it is 2.8% less than the average imports of the six years ending in March 2020.
Iran also exported some 2.382 million tons of agricultural and food products worth some $1.227 billion in the mentioned period, accounting for 8% and 11.5% of the country’s total non-oil exports in weight and value terms respectively.
The report said that the country’s agricultural trade deficit of $2.311 billion has improved by 4.1% from the average $1.422 of the six years to 2020.