Economy, Domestic Economy

8-Month Foreign Trade at $57b

8-Month Foreign Trade at $57b8-Month Foreign Trade at $57b

Iran’s non-oil imports during the eight-month period ending November 21 stood at about $27.30 billion, which registers a 20.95% decline compared to the corresponding period of last year, the latest data released by the Iran Customs Administration show. Iran’s main imports included corn feed (3.42% of overall imports), wheat (1.93%), 1500-2000 cc cars (1.9%), soybean (1.89) and soybean meal (1.87). China, the UAE, South Korea, Turkey and Switzerland were top exporters to Iran during the period.  Meanwhile, exports, including natural-gas condensates (17% of total exports), petrochemicals (35%) and other products (48%), reached $29.63 billion, indicating a 10.48% drop compared with the same period of last year.  China, Iraq, the UAE, India and Afghanistan were the main export destinations.