Iran’s trade balance faces 10.5 bln deficit
Azerbaijan, Baku, Nov. 3 /Trend N. Umid/
Iran's non-oil goods trade balance has faced $10.547 billion deficit for the first nine months of the current year.
According to the Iranian Custom Administration's latest monthly report released in November, Iran exported 56.337 million tons of non-oil goods, worth $22.401 billion during the first nine months of the current year, which indicates a 9.38 percent increase and 13.74 decrease in terms of volume and value respectively compared to the first nine months of 2012.
China was the main target of Iran's exported goods during the period.
According to the report, Iran has exported some 23.188 million tons of goods to China, worth $4.631 billion during the period with shares of 41.16 percent and 20.67 percent of the country's total exports in terms of volume and value respectively.
Iran has imported 22.581 million tons of goods worth $32.948 billion for the first nine months of 2013.
The figures indicate decrease by 27.92 percent in terms of volume and 24.9 percent fall in terms of value compared to the same period of last year.
The UAE topped the list of countries exporting the goods to Iran for the first nine months of the current year, with share of 20.17 percent from Iran's total imported goods value, followed by China (17.82 percent), South Korea (8.93 percent), India (8.27 percent) and Turkey (7.86 percent).
Iran's trade balance with 94 countries was positive, while it was negative with 88 countries during the period.
The highest positive foreign trade balance was with Iraq ($4.524 billion exports and $48 million imports), Afghanistan ($1.960 billion exports and $9 million imports), Turkmenistan ($660 million exports and $69 million imports), Azerbaijan ($377 million exports and $18 million imports) and Egypt ($359 million exports and $9 million imports) during the fist nine months of the current year.
Iraq shared 47.62 percent of Iran's positive trade balance during the first nine months of the current year.
The highest negative balance was with UAE ($2.555 billion exports and $6.646 billion imports), South Korea ($244 million exports and $ 2.941billion imports), Turkey ($1.310 billion exports and $ 2.589 billion imports), Germany ($223 million exports and $ 1.819 billion imports) and Switzerland ($11 million exports and $ 1.784 billion imports) during the same period.