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Iran foreign trade nears $94 billion over 11 months

Iran Materials 25 February 2012 17:14 (UTC +04:00)

Azerbaijan, Baku, Feb. 25/ Trend F.Milad/

Iran's total value of foreign trade during the first 11 months of the current calendar year (ended on February 19) exceeded $93.87 billion, the Iranian Customs Administration director Abbas Memarnejad said.

Abbas Memarnejad told IRNA news agency that non-oil exports (including gas condensates) amounted to 68.6 million tons, valued at $39 billion in the mentioned period, showing a 28.5 percent rise from year to year.

Meanwhile, imports totaled 33.5 million tons, worth $54.8 billion, showing a 6.4 percent fall compared to the same period of last year.

China and the UAE were the main importer and the exporter of Iranian goods, accounting for 16.7 percent of the total imports and 32.6 percent of the total exports respectively.

Previously, Trade Promotion Organization chief Hamid Safdel said that the value of non-oil exports is expected to hit $43 billion this year and $50.5 billion the year after this.

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