Exports account for 40 per cent of currency needed for imports in Iran
Azerbaijan, Baku, Oct.31/ Trend G.Mehdi/
Over 40 per cent of the currency needed for imports during the first half of the current Iranian calendar year was secured through exports, IRNA quoted the Trade Promotion Organisation of Iran's managing director Hamid Safdel as saying.
Imports amounted to $27 billion in value during the first half of the current year which began on March 20, he said. Some $11 billion which had been gained through exports was spent on imports, he added.
On October 21, Safdel said that Iran secured 71 per cent of the foreign currency required for importation purposes through exports in the last Iranian year.
The figure was 28 per cent in the year which ended in March 2006, he added.
The total value of Iran's non-oil imports and exports during the first half of the current year amounted to $47.1 billion, according to the Customs Administration data.
Iran exported around 37.45 million tons of goods worth $20.62 billion and imported some 19.12 million tons of goods worth $26.48 billion in the six-month period.
Iran exported around $43.7 billion worth of non-oil goods in the previous (calendar) year and imported some $61.8 billion worth of goods, to hit the unprecedented mark of $105 billion in annual trade.
On August 5, Finance and Economic Affairs Minister Shamseddin Hosseini said Iran conducted economic transactions with 150 countries in the last calendar year. Iran's annual trade turnover is projected to reach $160 billion by the end of the fifth five-year development plan (March 2016), TPOI reported in May.