Economy, Business And Markets

Trade Deficit With Netherlands

Trade Deficit With Netherlands Trade Deficit With Netherlands

Non-oil exports to the Netherlands during the first four months of the current Iranian year (March 20-July 21) stood at 5,400 tons worth $11.6 million, which indicates a 21% decline in value compared to last year’s corresponding period. Steel products, molybdenum, cocoa butter, raisin, vegetable seed, licorice extract, saffron, dates and tiles were among the main exports, according to the Islamic Republic of Iran Customs Administration. Meanwhile, more than 659,600 tons of goods worth $286 million were imported from the European country during the same period to register a 38% rise year-on-year. The main imports included corn fodder, oilcake, soybean, grain, medical equipment, pharmaceuticals, baby formula, vegetable seed, machinery and industrial tools.