Publishe Date: 2:20 PM - 12/28/2013 | Print

Iran’s non-oil trade tops $62.5b in 9 months

Economy - Iran conducted $62.507 billion in trade of non-oil goods with other countries during the first nine months of the current calendar year which began on March 21, according to the latest report released by Iran’s Customs Administration.

The country exported $29.241 billion worth of non-oil goods (including gas condensates) and imported $33.266 billion of non-oil goods during the 9-month period.

Exports and imports fell by 7.7 percent and 16.9 percent respectively compared to the same period in the previous year.

Iron ore concentrate, urea, and Methanol were the main goods exported, and rice, soy meal, and wheat were the main items imported.

China, Iraq, and the United Arab Emirates were the three top importers of Iranian goods during the period, while the United Arab Emirates, China, and India were the leading exporters of goods to Iran.

Previously, the Iranian Customs Administration reported that Iran’s trade balance with 96 countries was positive in the first eight months of 2013.

The country traded [non-oil] goods with 182 countries in the 8-month period.

Iran had the highest positive trade balance with Iraq, Afghanistan, Turkmenistan, Egypt, and Azerbaijan, according to the report.

In July 2012, former Iranian Economy Minister Shamseddin Hosseini said Iran conducted economic transactions with 150 countries in the previous Iranian calendar year (March 2011-March 2012). And about 80 countries transited their products through Iran, he added.

Iran continues trading with the world at a brisk pace, even though certain countries are currently trying to create obstacles in order to hinder the country’s economic progress, the finance minister said.

Iran exported around $43.7 billion worth of non-oil goods in the previous Iranian calendar year and imported about $61.8 billion worth of non-oil goods to hit the unprecedented mark of $105 billion in annual trade.

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