Domestic Economy

Iran's Non-Oil Trade Surplus at $295m

Iran’s exports stood at 49.7 million tons worth $14.6b to register a 31.2% growth in March 21-July 22 but a 7.5% decrease YOY. Imports reached 11.82 million tons worth $14.3b, indicating a rise of 0.8% in weight but a decline of 6.6% in value YOY
Iran's Non-Oil Trade Surplus at $295m
Iran's Non-Oil Trade Surplus at $295m

Iran recorded a non-oil trade surplus of $295 million in the first four months of the current fiscal year (started March 21). 
According to a report by the Persian daily Donya-e-Eqtesad based on the data provided by the Ministry of Industries, Mining and Trade, the country’s overall non-oil foreign trade (including gas condensates) during the period under review stood at $28.91 billion. 
Iran’s exports stood at 49.79 million tons worth $14.6 billion during the four months to July 22 to register a 31.26% growth in weight but a 7.51% decrease year-on-year. 
Imports reached 11.82 million tons worth $14.31 billion, indicating a rise of 0.85% in weight but a decline of 6.61% in value compared with the similar period of last year. 
The Islamic Republic of Iran Customs Administration, the official body in charge of releasing data on Iran's foreign trade, has stopped publishing its monthly reports for the past few months.
"IRICA ceases to release data as soon as there's decline in trade," Secretary-General of Iran-Iraq Chamber of Commerce Hamid Hosseini has recently been quoted as saying.


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