Iran’s non-oil exports fall 11 percent in month

Business Materials 15 May 2013 09:52 (UTC +04:00)

Azerbaijan, Baku, May.14/ Trend F.Karimov/

Iran's non-oil exports (including gas condensates) in the first Iranian calendar month of Farvardin (March 21-April 20) dropped by 11.1 percent compared to the same period in the past year, ISNA reported.

The exports amounted to $2.497 billion.

Exports of agricultural, industrial, and mineral products fell 10 percent and hit $1.238 billion.

Non-oil imports in the same month decreased by 38.9 percent and reached $2.037 billion.

Iran's non-oil exports will reach $59 billion in the current calendar year, the Deputy Director of the Trade Promotion Organization of Iran, Kioumars Fathollah Kermanshahi said.

The announced figure is based on the Fifth Five-Year Economic Development Plan, the IRNA News Agency quoted Kermanshahi as saying.

He went on to note that technical and engineering services will account for $18 billion of the mentioned amount.

According to the director of Trade Promotion Organization of Iran, Hamid Safdel, Iran's total non-oil exports stood at $50 billion in the previous year.

Iran had non-oil trade with 196 countries in the mentioned period.

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

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