Economy, Domestic Economy
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$375 Million Surplus in Iran Foreign Trade

$375 Million Surplus in Foreign Trade$375 Million Surplus in Foreign Trade

Iran’s non-oil foreign trade during the first month of the current Iranian year (started March 21, 2017) stood at $5.07 billion.

According to the latest report by the Islamic Republic of Iran Customs Administration, Iran exported 8.06 million tons of non-oil commodities worth $2.72 billion and imported 2.09 million tons worth $2.34 billion during the period.

Exports mainly included gas condensates ($493 million), methanol ($132 million), liquefied propane ($103 million), film grade polyethylene ($98 million), non-alloy iron and steel ($97 million), petroleum gases and liquefied hydrocarbons ($96 million), light crude oil and its derivatives excluding gasoline ($91 million), liquefied butane ($63 million), polyethylene-HDPE injection grade ($63 million) and bitumen ($54 million).

Imports included field corn ($144 million), rice ($74 million), motor vehicles of 1500cc to 2000cc engine capacity ($64 million) and soybean meal ($57 million). Intermediate goods accounted for 67.14% of the total import value. Consumer goods and capital goods made up for 17.46% and 15.4% of imports, respectively.

China was the main customer of Iranian products, with $615 million worth of imports. Other export destinations included the UAE with $497 million, Iraq with $388 million, India with $248 million and South Korea with $153 million worth of imports. Major exporters to Iran included China $485 million), the UAE ($402 million), Turkey ($180 million), South Korea ($143 million) and India ($131 million).

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