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Price of Iran’s exported goods rise by 168 percent

Business Materials 27 July 2013 22:01 (UTC +04:00)
The price of Iran's exported goods averagely increased by 167.9 percent in the 12-month period which ended June 21, Fars news agency reported.
Price of Iran’s exported goods rise by 168 percent

Azerbaijan, Baku, July.26/ Trend R.Zamanov/

The price of Iran's exported goods averagely increased by 167.9 percent in the 12-month period which ended June 21, Fars news agency reported.

The export price index in the Iranian month of Khordad (which ended June 21) stood at 695.2, which increased by 2.4 percent compared to its preceding year.

Five countries imported 80 percent of Iran's total non-oil exports (in terms of weight) and 70 percent (in terms of value) in the first three months of the current year, which started on March 21.

China (with $1.712 billion), Iraq (with $1.429 billion), the United Arab Emirates (with $884 million), Afghanistan (with $675 million), and India (with $621 million) are the five mentioned importers of Iranian goods, according to ISNA.

IRNA News Agency reported on March 26 that Asia accounted for 92 percent 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 the Iranian goods.

Iran had non-oil trade with 196 countries in the previous year.

According to ISNA's March 6 report, the country's balance of trade with 97 countries such the United Arab Emirates, South Korea, Switzerland, turkey, and China was negative in the mentioned period.

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.

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