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Iran's Foreign Trade on Growth Trajectory

Iran's Foreign Trade on Growth Trajectory
Iran's Foreign Trade on Growth Trajectory

The first two months of the current Iranian year (started March 21) has seen a reversal of last year’s decline in foreign trade.
Iran’s foreign trade reached 22.2 million tons worth $12.8 billion in the month leading to May 21, indicating a 6.6% and 38% growth in weight and value respectively compared with the same period of last year, Mehdi Mirashrafi, the head of the Islamic Republic of Iran Customs Administration, said on Wednesday. 
“A total of 16.9 million tons of non-oil goods worth $6.3 billion were exported. Gasoline, polyethylene, methanol, steel ingot and other steel products were Iran’s main exports during the month [April 21-May 21],” he was quoted as saying by ISNA.
Exports increased by 17% in terms of weight and 48% in terms of value year-on-year. Top export destinations during the month under review were China with 4.6 million tons of non-oil goods worth $2 billion (up 17% in tonnage and 74% in value YOY), Iraq with 3.1 million tons worth $953 million (down 18% in weight and 13% in value), the UAE with 2.4 million tons worth $849 million (up 9% in weight and 25% in value), Turkey with 384,000 tons worth $388 million (up 14% in weight and 172% in value) and Afghanistan with 911,000 tons worth $365 million, indicating a decline of 14% in weight but an 8% increase in value.

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