Iran’s Q1 non-oil trade at $13.9b

Financial Tribune – Iran’s non-oil trade stood at $13.98 billion during the first three months of the current fiscal year (March 20-June 20), of which exports accounted for $6.36 billion and imports for $7.62 billion, Mehdi Mirashrafi, the head of the Islamic Republic of Iran Customs Administration, says.

Iran exported over 21.92 million tons of non-oil goods worth $6.36 billion during the period to register a 43.98% and 45.12% decline in value and weight respectively year-on-year.

Q1 imports weighed over 8.92 million tons worth $7.62 billion, posting a decrease of 26.76% in value and 0.78% in tonnage YOY.

The country posted a trade deficit of $1.26 billion over the first quarter of the current fiscal year.