Iran 11-month Foreign Trade Up 16.17%

Iran’s non-oil foreign trade during the first 11 months of the current fiscal year (March 21, 2017-Feb. 19) stood at $89.34 billion, indicating a 16.17% rise compared with last year’s corresponding period.
Exports hit 117.95 million tons worth $41.69 billion, indicating a 4.96% decline in value year-on-year, IRNA cited the latest report by the Islamic Republic of Iran Customs Administration as saying.
Imports amounted to 33.93 million tons worth $47.65 billion, up 23.61% in value YOY. 
Increased imports of basic goods, auto parts and capital goods are the main reasons behind the rise in imports.