Iran's customs administration discloses details of foreign trade
BAKU, Azerbaijan, March 16
By Elnur Baghishov - Trend
Iran exported products worth $8.87 billion to China over 11 months of the current Iranian year (from March 21, 2019, to February 19, 2020), which accounted for 23 percent of Iran's exports during this period, Trend reports citing Iranian Custom Administration.
In turn, during the reporting period, Iran imported products worth $10.1 billion from China, which accounted for 25.3 percent of Iran's total imports.
Over this period, Iran exported products worth $8.5 billion to Iraq (22 percent).
According to the administration, Iran has exported products worth $4.96 billion to Turkey (12.8 percent), while the country imported products worth $4.65 billion from Turkey, which accounted for 11.66 percent of Iran's imports.
Over 11 month-period, Iran exported products worth $4.07 billion to the UAE, which comprised 10.6 percent of Iran's exports. In turn, Iran imported products worth $7.94 billion from the UAE, which made up 19.89 percent of the imports.
Iran has exported products worth $2.14 billion to Afghanistan(5.55 percent of Iran's exports) and imported products worth $3.42 billion from India (8.58 percent of Iran's imports).
In the reporting period, Iran imported products worth $1.91 billion from Germany (4.8 percent of Iran's imports).
Iran exported 125 million tons of products (except for oil, mazut, and white oil) worth $38.5 billion and imported 32 million tons of products worth $40 billion, the administration said.
During 11 months, Iran's exports increased by 17.61 percent in terms of weight and decreased by 4.48 percent in terms of value compared to the same period last year.
Meanwhile, Iran's imports increased by 10.84 percent in term of weight and by 4.48 percent in terms of value compared to the same period in the previous year.