August 17, 2022

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Iran Posts Trade Surplus of $204m for Month to Late June

Iran Posts Trade Surplus of $204m for Month to Late June
Iran Posts Trade Surplus of $204m for Month to Late June

Figures by the Iranian customs office (IRICA) show the country had a trade surplus of $204 in the in the month to June 21.

TEHRAN (Iran News) – Figures by the Iranian customs office (IRICA) show the country had a trade surplus of $204 in the in the month to June 21.

IRICA spokesman Rouhollah Latifi said that Iran’s total trade in the third month of the current calendar year had amounted to $8.902 billion.

Latifi said exports from Iran reached $4.553 billion the month to late June, up from $4.817 billion reported in the month to late May. IRICA had reported $3.699 billion worth of exports from Iran in the month to late April.

IRICA figures, covered in a report by the IRIB News, showed that imports into Iran reached $4.349 billion in the third month of the calendar year, down by $949 million from the previous month.

Latifi said Iranian exports  figure in June was flat against the similar month last year, adding that imports had declined by 6.5% year on year.

IRICA figures show total trade in June was down by $1.2 billion or nearly 12% against the month to late May.

Iran has reported rising trade figures in recent years despite a series of American sanctions targeting the country’s access to the global markets.

Experts say US sanctions on Iran’s crude oil exports have caused a surge in activity in the non-oil sector of the economy and has led to more exports from the sector.

Government reports show petrochemical products, minerals and agrifood have accounted for a bulk of Iranian non-oil exports in recent months with countries like China, Iraq and Turkey being the largest customers.

Original News : https://irannewsdaily.com/2022/07/iran-posts-trade-surplus-of-204m-for-month-to-late-june/

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