$4.5b in Iran’s non-oil trade surplus with ECO states

Financial Tribune – Iran recorded $4.57 billion in non-oil trade surplus with nine other members of Economic Cooperation Organization during the last fiscal year (ended March 20, 2019).

Latest data released by the Islamic Republic of Iran Customs Administration show Iran traded 19.97 million tons of non-oil commodities worth $10.89 billion with ECO member states during the period to register a 26.31% and 14.58% decline in tonnage and value respectively compared with last year’s corresponding period.

Iran’s exports totaled 17.85 million tons worth $7.73 billion during the period, indicating a 0.27% and 0.13% decrease in tonnage and value respectively year-on-year.

Imports stood at 2.12 million tons worth $3.15 billion, down 0.19% and 0.17% in tonnage and value respectively YOY.