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Iran non-oil exports up by 21 percent

Business Materials 17 August 2014 14:20 (UTC +04:00)

Tehran, Iran, Aug. 17

By Milad Fashtami - Trend:

Iran non-oil exports were increased by 21 percent in the first four months of the current iranian calendar year, which started on March 21.

Director of Trade Promotion Organization of Iran Valiollah Afkhami-Rad said that some $16.1 billion worth of goods were exported from the country in the mentioned period, Iran's IRNA News Agency reported on August 17.

Iran's exports in the mentioned period also showed 13 percent increase in terms of weight.

China with $3 billion, Iraq with $1.85 billion, and the United Arab Emrates with $1.235 billion were the main destinations for Iranian goods.

Based on the latest report released by Iran Customs Administration, the country exported $35.170 million tons of goods worth $13.692 billion in the first five months of 2014.
The average price for each one ton of Iran's non-oil goods in the mentioned period was around $389, which is 5.83 percent less than previous year.

China was the main destination for exported items.

The country imported 16.384 million tons of non-oil goods worth $3.783 billion from Iran in the mentioned five-month period.

Iraq, The United Arab Emirates, Afghanistan, and Turkey were the other main destinations for Iranian goods.

Tehran also imported 17.745 million tons of goods worth $24.127 billion in the mentioned period.

The trade balance of Iran in the first five months of 2014 stood at -10.435 billion dollars.
Iran's trade balance with 79 countries was positive. Iraq with $2.486 billion, Afghanistan with $930 million, Turkmenistan with $284 million, Egypt with $273 million, and Pakistan with 227 million were the top countries in this category.

Tehran's trade balance with 89 countries was also negative in the first five months of current year.

The United Arab Emirates with -4.75 billion dollars, South Korea with -1.5 billion dollars, India with -1.25 billion dollars, China with -1.21 billion dollars, and Germany with 932 million were the main countries on the list.

According to Iran Customs Administration, the country's total non-oil exports to foreign countries (excluding gas condensates) stood at $31.332 billion in previous year (which ended on March 20), while the country's total imports amounted to $50.818 billion.
The figures mark annual trade balance of -19.486 billion dollars for Iran.

Iran's annual trade turnover is projected to reach $160 billion by the end of the fifth five-year development plan (March 2016).

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