BAKU, Azerbaijan, Feb. 18
By Elnur Baghishov - Trend:
Iran's foreign trade turnover was $79 billion in the first 11 months (from March 21, 2019 to Feb. 19, 2020) of the current Iranian year, Iranian Deputy Minister of Economic Affairs and Finance and Director General of the country's Customs Administration (IRICA) Mehdi Mirashrafi said, Trend reports with reference to Mehr News Agency.
Iran exported over 150 million tons of goods worth $39 billion in the reported 11-month period, Mirashrafi said.
Moreover, Iran imported goods worth $40 billion in the reported period, the deputy minister added.
In terms of weight, Iran's exports were four times more than its imports, according to Mehdi Mirashrafi.
The deputy minister stressed that Iran's export and import operations are carried out under harsh conditions (US sanctions imposed on Iran since November 2018).
Iran is located at the intersection of North-South, East-West corridors, and the country should use from this beneficial geographic location in its foreign trade, Mehdi Mirashrafi said.
According to IRICA, Iran's trade turnover for the first 10 months exceeded $72 billion. During the reporting period, Iran exported 115 million tons of non-oil products worth more than $35.5 billion and imported 28.6 million tons of products worth more than $36 billion.