Asia accounts for 92 per cent of Iran’s exports

Business Materials 26 March 2013 12:16 (UTC +04:00)

Azerbaijan, Baku, Mar.26/ Trend F.Milad‎‏

Asia accounted for 92 per cent of Iran's total exports in the previous calendar year which ended on March 20.

Iraq, China, the United Arab Emirates, Afghanistan, India, Turkey, South Korea, Turkmenistan, Pakistan and Azerbaijan were the main destinations for Iranian goods, the IRNA News Agency reported.

Europe also accounted for five per cent of Iran's exports.

The country exported 38 billion dollars' worth of non-oil goods (excluding gas condensates) in the first 11 months of the previous Iranian calendar year. The figure was expected to surpass 40 billion dollars by the end of the previous calendar year (March 20).

Iran had non-oil trade with 196 countries in the first 11 months of last year.

The country's balance of trade with 97 countries such the United Arab Emirates, South Korea, Switzerland, Turkey, and China was negative in the same period, the ISNA News Agency reported on March 6.

Tehran's balance was also positive with 99 countries including Iraq, Afghanistan, India, Turkmenistan and Pakistan.

The balance of trade, or net exports is the difference between the monetary value of exports and imports of output in an economy over a certain period. It is the relationship between a nation's imports and exports.