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Iran’s trade balance faces $6.255 bln deficit in Jan.-Feb.

Business Materials 8 April 2014 17:08 (UTC +04:00)

Baku, Azerbaijan, April 8

By Fatih Karimov - Trend:

Iran's non-oil goods trade balance (excluding condensates), faced a $6.255 billion deficit in the first two months of 2014, compared to $3.593 billion in the same period of 2013.

According to Iranian Customs Administration, the country's imports accounted for 68.58 percent of its annual non-oil trade, compared to 63.14 percent in 2013.

Iran's trade balance with 70 countries was positive, while with 79 countries it was negative.

Iran had the highest positive trade balance with Iraq, Afghanistan, Egypt, Turkmenistan, and Pakistan, while it registered the highest negative trade balance with the United Arab Emirates, South Korea, China, Switzerland, and India.

Iraq, Afghanistan, and Egypt were the three top importers of Iranian goods during the mentioned period. The three countries imported $938 million, $341 million, and $160 million worth of Iranian goods, respectively.

Meanwhile, the United Arab Emirates, China, and India were the leading exporters of goods to Iran. They exported $3.381 billion, $2.009 billion, and $782 million worth of goods to Iran.

Liquefied propane worth $345 million, iron ore worth $338 million, and liquefied butane worth $257 million were the main goods exported, while vehicles worth $1.749 billion, corn fodder worth $433 million, and soy meal worth $406 million were the main imported goods.

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