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Iran non-oil exports hit $11.85 billion in Q1

Business Materials 15 July 2014 12:54 (UTC +04:00)

Tehran, Iran, Jul. 14

By Milad Fashtami - Trend:

Iran exported 25.518 million tonnes of non-oil goods worth some $11.859 billion in the first quarter of the current Iranian calendar year (March 21 - June 20).

The country's non-oil exports in the first three months of the previous calendar year were $9.838 billion.

Iran Customs Administration's latest report suggests that the country also imported 9.755 million tonnes of goods worth $12.386 billion in the first quarter of current year.

The country's total trade amounted to $24.245 billion in the mentioned period, which shows 27 percent increase compared to the same period of time last year.

According to Iran Customs Administration, the country's total non-oil exports to foreign countries (excluding gas condensates) stood at $31.332 billion in previous year (which ended on March 20), while the country's total imports amounted to $50.818 billion.

The figures mark annual trade balance of -19.486 billion dollars for Iran.

Iran's annual trade turnover is projected to reach $160 billion by the end of the fifth five-year development plan (March 2016).

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