Imports share 62% of Iran’s non-oil trade
Baku, Azerbaijan, Dec. 4
By Umid Niayesh - Trend:
Iran's non-oil goods trade balance (excluding gas condensates), faced a $18.437 billion deficit in the first ten months of 2014, said the Islamic Republic Customs Administration in its latest monthly report published Dec.4.
The figure indicates an increase by 62.58 percent compared to $11.34 billion deficit in the same period of 2013.
Imports shared 62.4 percent of Iran's total non-oil trade during the period, meanwhile the figure stood at 58.94 percent during the first ten months of 2013.
Iran's trade balance with 92 countries was positive, while with 90 countries it was negative.
Iran had the highest positive trade balance with Iraq ($4.835 billion), Afghanistan ($1,981 billion), Turkmenistan ($603 million), Pakistan ($462 million) and Egypt ($448 million). The five countries shared 79.34 percent of the Islamic Republic's positive trade balance.
The share of the neighboring Iraq stood at 46 percent of Iran's total positive non oil trade balance.
Tehran registered the highest negative trade balance with the United Arab Emirates ($8.486 billion), South Korea ($3.341 billion), China ($2.777 billion), India ($1.948 billion), and Germany ($1.813 billion).
The mentioned five countries shared 63.5 percent of the Islamic Republic's negative trade balance.
Iran's overall non-oil trade turn over stood at $74.319 billion during the first ten months of 2014.
The figure indicates a 17.16 percent rise in comparison with the $63.436 billion trade turn over during the first ten months of 2013.