Iran’s seven-month foreign trade hits $64.4 billion

Iran’s trade exchanges with different countries across the world reached as much as $64.4 billion in the first seven months of the calendar year (March 21 – October 22), according to latest customs data.

30 October 2023
ID : 45110
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Iran’s trade exchanges with different countries across the world reached as much as $64.4 billion in the first seven months of the calendar year (March 21 – October 22), according to latest customs data.

Head of the Islamic Republic of Iran Customs Administration (IRICA) Mohammad Rezvanifar said on Sunday that Iran traded some 1.4 million metric tons (mt) worth $64.4 billion of goods to different countries in the seven-month period, registering a 6.2% growth in terms of value and a 23.71% rise in terms of tonnage.

The official put Iran’s non-oil exports in the period under review at 79.5 million mt worth $28.3 billion which he said was up 29.32% YOY in terms of tonnage while decreasing 1% in value terms.

He also said that Iran imported some 20.9 million mt valued at $36 billion in the timespan.

Razvanifar added that Iran’s imports in March-October period registered a 6.21% rise in terms of tonnage and a 12.61% increase in value term when compared to figures from last year’s corresponding period.

The official said that LNG, liquefied propane and liquefied butane were Iran’s top three export items in this period, with animal corn, cell phones and soybeans being the top three items imported into the country.  

He also noted that China, Iraq, the UAE, Turkey, and India were the five top destinations for Iranian non-oil products, while the UAE, China, Turkey, Germany, and India constituted the top five exporters into Iran in the seven-month period.

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