$10b Surplus in Iran's Non-Oil Trade With Neighbors

Iran traded 62.28 million tons of non-oil commodities worth $32.41 billion with 15 neighboring countries, namely Iraq, Turkey, Afghanistan, Pakistan, Russia, Oman, Azerbaijan, Turkmenistan, Kuwait, Qatar, Kazakhstan, Armenia, the UAE, Bahrain and Saudi Arabia, during the 11 months to Feb. 19.
This marks a 2.57% growth in tonnage and 1.75% decline in value compared with last year’s corresponding period, the latest data released by the Islamic Republic of Iran Customs Administration show.
Iran’s exports totaled 54.76 million tons worth $22.2 billion during the period, indicating an 8.03% and 13.68% increase in tonnage and value respectively year-on-year.
Imports stood at 7.51 million tons worth $10.2 billion, down 25.04% and 24.16% in tonnage and value respectively YOY. This shows a surplus of $10 billion in Iran’s non-oil trade with neighbors.