Economy, Domestic Economy

Latest Trade Statistics by Roads Ministry, ICA

Latest Trade Statistics by Roads Ministry, ICALatest Trade Statistics by Roads Ministry, ICA

The Iranian month ending Dec. 21 saw exports of 3.17 million tons of non-oil goods through major Iranian ports, which shows a 2.9% rise compared with the similar period of last year, according to the latest data released by the Ministry of Roads and Urban Development.

A total of 2.63 million tons of non-oil commodities were imported during the same month, IRNA reported, adding that imports and exports of oil-based goods stood at 161,395 tons and 1.45 million tons respectively.

According to Faramarz Maddah, an official with Road Maintenance and Transportation Organization of Iran, 28.28 million tons of goods were imported through land and sea borders in the nine-month period ending December 21, registering a 12.5% drop compared with last year’s corresponding period. He added that land imports accounted for 1.13 million tons of the total figure.

Exports in this period stood at 43.33 million tons, about 5.6 million tons of which were transported by roads.

Bazargan Border Crossing in Kermanshah Province was the most active portal in terms of imports, accounting for 61% of total imports, followed by Astara in Gilan Province (17%) and Mirjaveh in Sistan-Baluchestan Province (9%).

In terms of exports, Bazargan Border Crossing was also the leading transit hub, accounting for 21% of the total exports, followed by Milak in Sistan-Baluchestan Province (17%) and Dogharoun in Khorasan Razavi Province (11%).

  Trade Value

Iran Customs Administration announced that Iran’s non-oil foreign trade during the nine-month period ending December 21 stood at $62.19 billion.

Imports, including corn feed (3.5% of total imports), wheat (2.09%), soybean (1.94%) and soybean meal (1.73%), amounted to $30.16 billion—down 22.34% compared with last year’s similar period.  

China, the UAE, South Korea, Turkey and Switzerland were the top exporting countries to Iran during the period.

Exports, including gases, liquefied propane and bitumen, reached $32.03 billion, indicating an 11.16% drop compared with the corresponding period of last year.  

China, Iraq, the UAE, India and Afghanistan were the main export destinations.

The volume of exports during the ninth month of the current Iranian year, ended December 21), was the lowest in the current Iranian year (started March 21), the ICA reported.

Exports registered a 56% decline to reach $2.39 billion and imports marked a 6% rise to reach $3.13 billion compared with the preceding month. This showed a year-on-year decrease of 35% in exports and 26% in imports compared with the similar month of last year.

The impact of the global slide in the prices of oil and byproducts as well as the recession and anticipation of sanctions relief are to blame for lackluster trade figures.