Iran’s trade balance remains positive for third month
Baku, Azerbaijan, June 15
By Umid Niayesh - Trend:
Iran experienced positive non-oil trade balance for the third month as the figure stood at $1billion from the beginning of the current Iranian fiscal year (March 21) to June 13, Masoud Karbasian, director of the Islamic Republic Customs Administration said.
Iran's non-oil exports (including condensates) stood at $10 billion during the period, meanwhile imports accounted for $9 billion, Karbasian said, Iran 's ISNA news agency reported June 15.
Despite a sharp fall of oil price by 50 percent in the second year of Hassan Rouhani's presidency, the administration successfully run the country without serious rely on oil revenues, he said.
Iran's non-oil exports (including condensates) stood at $7.861 billion during the first two months of current fiscal year((March 21-May 22), 2.66 percent less compared the two-month period of last year.
The Islamic Republic also imported about $6.344 billion worth of goods during the period, which indicates a fall by 13.82 percent in value year on year.
The country's non-oil exports (excluding condensates) stood at $35.74 billion during last fiscal year, while imports accounted for $52.477 billion.
Iran's overall non-oil trade turn over including condensates stood at $102.22 billion during the period.
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