Iran’s non-oil trade faces $15.6B deficit

Business Materials 2 March 2015 11:13 (UTC +04:00)

Baku, Azerbaijan, March 2

By Umid Niayesh - Trend:

Iran's non-oil goods trade balance (excluding gas condensates), faced a $15.625 billion deficit in the first eleven months of current fiscal year (March 21, 2014-Feb. 20).

Imports shared 59.66 percent of Iran's total non-oil trade during the period, meanwhile the figure stood at 60.18 percent during the first eleven months of last fiscal year, said the Islamic Republic Customs Administration in its latest monthly report published March 2.

Iran's trade balance with 83 countries was positive, while with 74 countries it was negative.

Iran had the highest positive trade balance with Iraq ($5.679 billion), Afghanistan ($2.171 billion), Turkmenistan ($795 million), Pakistan ($619 million) and Egypt ($457 million).

Tehran registered the highest negative trade balance with the United Arab Emirates ($7.709 billion), South Korea ($3.511 billion), China ($3.041 billion), Switzerland ($2.082 billion), and Germany ($1.864 billion).

Iran's overall non-oil trade turn over stood at $94.564 billion during the first eleven months of the current fiscal year (March 21, 2014-Feb. 20).

The figure indicates a 16.87 percent rise in comparison with the $80.912 billion trade turn over during the same period of preceding year.

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