Iran’s non-oil trade balance at $650 million

Iran’s trade revenue, excluding crude oil export, hit 19.56 million tons worth $9.89 billion in the seventh month of the current fiscal year (Sept. 23-Oct. 22).

9 November 2021
ID : 33234
Share
Share with
Telegram Whatsapp
Link

Iran’s trade revenue, excluding crude oil export, hit 19.56 million tons worth $9.89 billion in the seventh month of the current fiscal year (Sept. 23-Oct. 22).

Exports stood at 15.19 million tons worth $5.27 billion, registering an 8% growth in terms of value year-on-year, according to the spokesman of the Islamic Republic of Iran Customs Administration, Rouhollah Latifi.

Trade balance stood at +$650 million during the period.

Exports in the month under review were 5% and 27% higher in terms of weight and value month-on-month, IRNA reported.

Iraq with 5.85 million tons worth $1.64 billion, China with 2.06 million tons worth $1.12, Turkey with 3.78 million tons worth $1.09 billion, the UAE with 788,000 tons worth $347 million, Afghanistan with 274,000 worth $127 million were the top five export destinations during the period.

A total of 4.37 million tons worth $4.62 billion of imported goods were cleared from customs in the month under review, registering a 64% and 48% growth in weight and value respectively compared with last year’s corresponding period.

The tonnage and value of imported goods registered an 18% and 29% decline respectively compared with the preceding month.

The imports mainly came from the UAE with 949,000 tons worth $1.29 billion, China with 373,000 tons worth $1.07 billion, Turkey with 382,000 tons worth $426 million, Switzerland with 177,000 tons worth $135 million and Germany with 37,000 tons worth $134 million. 

A total of 1.09 million tons of goods were transported through Iran in transit during the period, registering a 52.5% YOY growth.

Related