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Report: Iran’s annual exports to fall by $43 billion

Iran Materials 1 September 2012 18:02 (UTC +04:00)
Iran will see a $43 billion fall in its total exports in the current calendar year, which ends on March 20, 2013, compared with the year before, the Maghreb Persian language daily cited the Economist Intelligence Unit data as saying

Azerbaijan, Baku, Sep.1/ Trend F.Milad/

Iran will see a $43 billion fall in its total exports in the current calendar year, which ends on March 20, 2013, compared with the year before, the Maghreb Persian language daily cited the Economist Intelligence Unit data as saying.

Iran's exports totaled $109.3 billion in the previous year, according to the report. But the figure will plunge by $43 billion to reach $66.4 billion, it added.

Some experts believe that the sharp decline in exports is due to oil sanctions against the Islamic Republic. The report has anticipated the exports to rise to $88.1 billion by the calendar year 1395 (ending in March 2017).

The total value of Iran's imports and exports during the first five months of the current Iranian year, which began on March 20, amounted to $37.6 billion, the Customs Administration head announced on August 27.

Iran exported around 30 million tons of non-oil goods, worth $15.7 billion, and imported some 15.7 million tons of goods, worth around $21.9 billion in the five-month period of time, Abbas Memarnejad told the Fars news agency.

The official added that Iran exported around $43.7 billion worth of non-oil goods in the past calendar year and imported some $61.8 billion worth of goods, to hit the unprecedented mark of $105 billion in annual trade.

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