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Iran's Agrifood Trade Deficit Dips 5.7% in 2018-2019

Over $6.4 billion worth of agricultural and food products were exported from Iran to register a 5.7% decline while agrifood imports reached $10.84 billion, down 1% compared to the previous year
Iran's Agrifood Trade Deficit Dips 5.7% in 2018-2019Iran's Agrifood Trade Deficit Dips 5.7% in 2018-2019

Iran recorded an agrifood trade deficit of $4.44 billion in the last Iranian year (March 2018-19), which shows a 5.7% improvement year-on-year. 
More than 6.95 million tons of agricultural and food products worth over $6.4 billion were exported from Iran during the period to register a 5.7% decline in value compared with the year before.
The figures were announced by the latest report released by the National Agriculture and Water Strategic Research Center, which draws on data provided by the Islamic Republic of Iran Customs Administration.
Agrifood exports accounted for 5.9% and 14.4% of the total volume and value of Iran's non-oil exports of 117.22 million tons worth $44.31 billion respectively over the period under review, the news portal of Iran Chamber of Commerce, Industries, Mines and Agriculture reported.

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