Iran’s non-oil foreign trade deficit at $1.5 billion

Financial Tribune – Iran’s non-oil foreign trade during the first 11 months of the current Iranian year (March 21, 2019, to Feb. 19) stood at $78.5 billion, the Islamic Republic of Iran Customs Administration’s data showed.

By “non-oil”, IRICA refers to all commodities, except crude oil. Therefore, oil-driven products and byproducts, as well as petrochemical products, are still categorized as non-oil.

IRICA categorizes non-oil exports into three groups of petrochemicals, gas condensates and others.

Exports stood at 125 million tons worth $38.5 billion, indicating a 17.61% growth in weight but a 4.48% decline in value compared with the same period of last year.

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