Iran's non-oil trade balance faces $5.4 billion deficit

Iran's non-oil trade balance faces $5.4 billion deficit

Baku, Azerbaijan, Feb. 24

By Umid Niayesh - Trend:

Iran's non-oil goods trade balance including condensate, has faced a $5.433 billion deficit for the first 11 months of the current solar year (started on March 21, 2013), the Iranian Custom Administration reported on Feb. 24.

Iran exported 83.293 million tons of non-oil goods worth $37.363 billion during the first 11 months of the current Iranian calendar year which indicates a 15.73 percent increase and a 1.52 percent decrease in terms of volume and value respectively, compared to the first 11 months of the preceding year.

China was the main target of Iran's exported goods during the period.

Iran exported $6.582 billion, $5.265 billion, $3.237 billion, $2.31 billion and $2.184 billion worth of goods to China, Iraq, the UAE, India and Afghanistan respectively during the period.

The country's condensate and petrochemical exports stood at $9.479 billion and $9.855 billion respectively during the period.

Iran exported $1.258 billion worth of iron ore and $1.122 billion worth of liquid propane during the 11 month period, while the value of exported oil tar stood at $1.006 billion.

The country has also imported 29.205 million tons of goods worth $42.796 billion in the first 11 months of the current Iranian calendar year.

The figures indicate a decrease of 19.05 percent in terms of volume and an 11.96 percent fall in terms of value compared to the same period last year.

The UAE topped the list of countries exporting goods to Iran for the first 11 months of the current Iranian calendar year.

Iran has imported $9.246 billion, $8.407 billion, $3.728 billion, $3.376 billion and $3.247 billion worth of goods from the UAE, China, India, South Korea and Turkey respectively during the period.

Rice ($2.093 billion), press cake ($1.635 billion), wheat ($1.070 billion), corn ($1.307 billion), and motor vehicles with internal combustion engine ($1.097 billion) were the main imported items during the period.

Edited by S.M.

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