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Iran's Foreign Trade, Excluding Oil, Hit $79 Billion in 11 Months

Capital goods account for 85% of Iran’s imports
Foreign Trade, Excluding Oil, Hit $79 Billion in 11 MonthsForeign Trade, Excluding Oil, Hit $79 Billion in 11 Months

Fresh data on Iran's trade show the country exchanged $79 billion worth of goods during the first 11 months of the current year (started March 21, 2019).  
“Exports (excluding crude oil) and imports during the period stood at $39 billion and $40 billion respectively,” Minister of Economic Affairs and Finance Farhad Dejpasand said on Tuesday in a meeting with representatives of Tehran Chamber of commerce, Industries, Mines and Agriculture. 
Noting that capital goods account for 85% of imports, the minister added that at present, exporters are the main suppliers of foreign currency needed for imports, ILNA reported.  
Mehdi Mir-Ashrafi, the head of Islamic Republic of Iran Customs Administration, who was also present at the meeting, said maritime transport accounts for more than 90% of global trade; countries with access to high seas have considerable potential to benefit from foreign trade. 

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