Iran’s H1 Foreign Trade Tops $30b

Iran’s non-oil foreign trade stood at 62.84 million tons worth $30.34 billion during the first half of the current fiscal year (March 20-Sept. 21), indicating a 28% decline in value compared with the corresponding period of last year.  
According to Mehdi Mirashrafi, the head of Islamic Republic of Iran Customs Administration, H1 non-oil exports accounted for 46.31 million tons worth $13.56 billion and imports constituted 16.52 million tons worth $16.78 billion of the total trade figure. 
As a result, the country’s trade deficit stood at $3.22 billion over the period under review.  
Compared with the corresponding period of last year (March 21-Sept. 22, 2019), exports and imports registered a 35% and 21% decline in value, respectively. 
Iran’s foreign trade stood at $42.16 billion during the same period of last year, with exports hovering around $20.94 billion and imports at $21.22 billion. 
Gasoline was the country’s top exported commodity in H1 followed by polyethylene, polyethylene terephthalate, methanol and urea.