Iran imports from US hit $126 million

Business Materials 10 March 2013 10:46 (UTC +04:00)

Azerbaijan, Baku , Mar.10/ Trend F.Milad‎‏/

Iran imported over 135,000 tons of good worth some 126.8 million dollars from US in the first eleven months of the current Iranian calendar year, which began March 20, 2012.

According to Iran Customs Administration officials, the American goods were exported to Iran indirectly from different countries.

Iran's exports to US also stood at 1.2 million dollars in the mentioned period.

Tehran exported 425 tons of goods to Washington in the eleven-month time span.

Iran exported 38 billion dollars worth of non-oil goods (excluding gas condensates) in the first eleven months of the current Iranian calendar year, Deputy Director of the Trade Promotion Organization of Iran, Kioumars Fathollah Kermanshahi said last week.

The figure will reach 41-42 billion dollars by the end of the current calendar year (March 20), the IRIB News Agency quoted Kemanshahi as saying.

Petrochemicals accounted for 8.495 billion dollars of the mentioned amount.

Iraq with 5.96 billion dollars, China with 4.82 billion dollars, the United Arab Emirates with 3.91 billion dollars, Afghanistan with 2.5 billion dollars, and India with 2.6 billion dollars were the main destination markets for Iranian goods in the 11-month period.

According to Kermanshahi Iran imported 48.3 billion dollars worth of goods in the mentioned period.

Iranian Chamber of Commerce official Asadollah Asgaroladi said last month that the country's non-oil exports (including gas condensates) will surpass $50 billion by the end of the current Iranian calendar year (March 20).

Non-oil imports are valued at $60-65 billion, he said, adding that non-oil exports should approach the imports.

The Iranian minister of Industry, Mine and Trade said on February 24 that Iran's revenue from non-oil exports can account for 80 per cent of its imports, so the country doesn't need to rely on oil exports for importing needed goods.

Currently some 70 per cent of exporters' foreign exchange revenues is being used for imports, the IRNA News Agency quoted Mehdi Ghazanfari as saying.

It is while in previous year the figure used to stand at around 40-45 per cent.