Iran’s non-oil foreign trade hits $53 billion

Business Materials 30 November 2013 18:18 (UTC +04:00)

Baku, Azerbaijan, Nov. 30
By Rahim Zamanov - Trend:

Iran's non-oil foreign trade reached $53 billion in the first eight months of the current Iranian calendar year, which started on March 21, Iran's Customs Administration reported.

The country's exports accounted for $24.605 billion of the mentioned amount, down 12.7 per cent compared to the same period previous year, the IRIB News Agency reported.

Iran exported 56.844 million tons of non-oil goods in the mentioned period, which is 7.7 per cent more than the same period of time previous year.

Iran has trades with 105 countries.

Deputy Director of the Trade Promotion Organization of Iran, Kioumars Fathollah Kermanshahi said on September 4 that Iran's exports have faced an eight-per cent decrease this year.

"Iran's imports also faced 26 per cent decrease," he added.

"The sharp fall in raw materials imports has resulted in such a decrease in the country's total foreign trade," Fathollah Kermanshahi added.

He went on to note that Iran's priority in allocating forex to imports should be the production of units of the needed raw materials, he said.