Iran’s non-oil foreign trade falls 7.8 percent to $55 billion

Financial Tribune – Iran’s non-oil foreign trade (excluding crude oil, mazut, kerosene and exports via suitcase trade) during the first eight months of the current Iranian year (March 21-Nov. 21) stood at $55.42 billion, indicating a 7.88% decline compared with the same period of last year, the Islamic Republic of Iran Customs Administration reported.

Total exports stood at 88.36 million tons worth $27.04 billion during the period to register a 16.44% growth in weight but a 10.86% decrease in value year-on-year.

Imports stood at 22.12 million tons worth $28.38 billion, indicating an increase of 1.58% in weight but a decline of 4.87% in value YOY.

The country registered a trade deficit of $1.34 billion during the eight months to Nov. 21.