Official figures from Iran’s foreign trade during the first four months of the current Iranian fiscal year (March 21-July 22) suggest that the country has registered a $871 million trade surplus with its 15 neighboring countries.
Iran traded 27.03 million tons of goods worth $16.87 billion, excluding crude oil exports, with its 15 neighboring countries during the four-month period, registering an 18% rise in value compared to the corresponding period of last year, according to Rouhollah Latifi, the spokesperson of the Islamic Republic of Iran Customs Administration.
All changes cited below are in value.
Exports hit 20.71 million tons worth $8.87 billion to register a 22% rise year over year.
Iraq was the biggest destination for Iranian exports during the period with 6.9 million tons of imports worth $2.4 billion, registering 15% YOY decline.
Following were the UAE with 4 million tons worth $2.3 billion (up 39%), Turkey with 3.4 million tons worth $2 billion (up 123%), Afghanistan with 938,000 worth $497 million (down 32%), Oman with 1.1 million tons worth $415 million (up 135%), Pakistan with 855,000 tons worth $377 million (up 10%), Russia with 427,000 tons worth $232 million (up 25%), Azerbaijan with 250,500 tons worth $232 million (up 78%), Turkmenistan with 439,000 tons worth $132 million (up 37%), Armenia with 279,000 tons worth $113.4 million (up 36%), Kuwait with 1.66 million tons worth $58 million (up 35%), Kazakhstan with 207,000 tons worth $49.4 million (down 7%), Qatar with 287,000 tons worth $40 million (down 12%), Bahrain with 3,840 tons worth $3 million (up 43%), and Saudi Arabia with 121 tons worth $15,688 (down 52%), IRNA reported.
Imports stood at 6.32 million tons worth $8.14 billion during the same period, registering a 13% increase compared with the corresponding period of last year, the official added.
The UAE, with 3.6 million worth $4.9 billion was the biggest exporter to Iran, registering a 4% YOY rise, followed by Turkey with 983,000 tons worth $1.8 billion (up 18%), Russia with 930,000 tons worth $599 million (up 39%), Pakistan with 300,000 tons worth $324.5 million (up 298%), Oman with 262,000 tons worth $323.3 million (up 32%), Kazakhstan with 173,000 tons worth $76.2 million (up 167%), Iraq with 39,000 tons worth $54.7 million (down 61%), Qatar with 702 tons worth $13.8 million (up 208%), Azerbaijan with 8,600 tons worth $13.5 million (up 25%), Turkmenistan with 18,200 tons worth $10,6 million (down 23%), Afghanistan with 6,400 tons worth $7.32 million (up 135%), Kuwait with 1,300 tons worth $3 million (down 26%), Armenia with 1,500 tons worth $2.8 million (down 71%), and Bahrain with 28 tons worth $513,000 (up 8%).”