Iran’s non-oil foreign trade falls 8% to $49.5 billion

Financial Tribune – Iran’s non-oil foreign trade (except for crude oil, mazut, kerosene and exports via suitcase) during the first seven months of the current Iranian year (March 21-Oct. 22) stood at $49.57 billion, indicating an 8.37% decline compared with last year’s corresponding period, the Islamic Republic of Iran Customs Administration reported.

Overall, Iran’s exports stood at 79.42 million tons worth $24.4 billion to register a 17.07% growth in weight but an 11.32% decrease in value year-on-year.

Imports hit 19.8 million tons worth $25.17 billion, indicating an increase of 3.07% in weight but a decline of 5.31% in value.

China, Iraq, the UAE, Turkey and Afghanistan were Iran’s main export destinations.

Exports to China stood at $6.1 billion, accounting for 24.99% of Iran’s total exports.