September 18, 2021

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Iran Trade Balance Positive of 1.26b Last Month

Iran Trade Balance Positive of 1.26b Last Month
Iran Trade Balance Positive of 1.26b Last Month

Spokesperson for Iran’s Customs Office says in the last month of Iranian calendar year Mordad (July 23-August20), over 8.452m tons of goods worth $5.378 have been traded between Iran and other countries and the country’s non-oil trade in the same period shows positive trade balance of 1.263b.

TEHRAN (Iran News) – Iran Trade Balance Positive of 1.26b Last Month. Spokesperson for Iran’s Customs Office says in the last month of Iranian calendar year Mordad (July 23-August20), over 8.452m tons of goods worth $5.378 have been traded between Iran and other countries and the country’s non-oil trade in the same period shows positive trade balance of 1.263b.

Ruhollah Latifi said that the trade between Iran and the world last month stood at 8.452m tons worth $5.378b as Iran’s exports stood at $3.323b and its imports in the same period were around $2.05b.

He added that the data shows that Iran’s exports last month without any decline faced 9.5 percent growth in terms of weight and 54 percent in terms of value. He admitted that the country’s exports in the preceding month of Tir faced 14 percent decline in weight and 9 percent in value.

Latifi reiterated that China was the top destination for Iran’s exports last month by importing 2.436m tons of goods worth $1.505b from Iran which shows 12 percent fall in weight and 20 percent growth in value.

He also said that exports to Iraq last month faced 18 percent decline in weight and 27 percent in value comparing to the preceding year as the country has purchased 1.083m tons of goods worth $346m from Iran.

The UAE with importing goods worth $285m, Turkey with $184m and Afghanistan with $127m have been among the other top destinations for Iran’s exports in the past month.

On the volume and details of imports, he said the imports fell by 36 percent in weight and 26 percent in value last month but comparing to the preceding month of Tir, it faced 68 percent decline in weight and 53 percent in value.

He said China was the major exporting country to Iran last month by exporting 127,000 tons of goods worth $476m which shows 62 percent decline in weight and 56 percent in value. Turkey, Germany and Switzerland were the other top exporters to Iran in the past month.

On the transit of goods in month of Mordad, Latifi said some 974,000 tons of goods were transited which showed 94 percent growth.

Original News : https://irannewsdaily.com/2021/09/iran-trade-balance-positive-of-1-26b-last-month/

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