Baku, Azerbaijan, Jan. 2
By Umid Niayesh - Trend:
Iran's non-oil goods trade balance (excluding gas condensates), faced a $19.453 billion deficit in the first eleven months of 2014, said the Islamic Republic Customs Administration in its latest monthly report published Jan. 2.
The figure indicates an increase by 47.9 percent compared to $13.149 billion deficit in the same period of 2013.
Imports shared 61.88 percent of Iran's total non-oil trade during the period, meanwhile the figure stood at 59.39 percent during the first eleven months of 2013.
Iran's trade balance with 97 countries was positive, while with 87 countries it was negative.
Iran had the highest positive trade balance with Iraq ($5.569 billion), Afghanistan ($2.21 billion), Turkmenistan ($681million), Pakistan ($588 million) and Egypt ($495 million). The five countries shared 79.28 percent of the Islamic Republic's positive trade balance.
The share of the neighboring Iraq stood at 46.41 percent of Iran's total positive non oil trade balance.
Tehran registered the highest negative trade balance with the United Arab Emirates ($9.145 billion), South Korea ($3.683 billion), China ($3.117 billion), India ($2.063 billion), and Germany ($1.947 billion).
The mentioned five countries shared 63.52 percent of the Islamic Republic's negative trade balance.
Iran's overall non-oil trade turn over stood at $81.877 billion during the first eleven months of 2014.
The figure indicates a 16.95 percent rise in comparison with the $70.01 billion trade turn over during the first eleven months of 2013.
Follow the author on Twitter: @UmidNiayesh