Iran’s 7-month foreign trade hits $48.2B

Business Materials 3 November 2015 18:27 (UTC +04:00)

Tehran, Iran, November 3

By Mehdi Sepahvand -- Trend:

Iran's foreign trade during the seven months since the start of the current Iranian fiscal year (March 21) hit $48.208 billion, a recent report says.

The country imported $24.77 billion worth of goods in the said period, with a decline of 21.9 percent compared to the same period the preceding year, the Iran Customs Administration reported November 3.

Also, the country's non-oil export hit $24.131 billion which shows 15.9 percent decline in comparison to the same period of the preceding year.

The major non-oil goods exported from the country included oil and hydrocarbon gases such as liquefied propane and bitumen; while the majority of the goods headed China, Iraq, the UAE, India, and Afghanistan.

Iran's major imports were livestock corn (which made for 3.38 percent of the total value of the imports), wheat and soybean each with 2.9 percent share of the imports, as well as rice and soy meal each with 1.84 percent.

The goods were mostly imported from China, the UAE, South Korea, Turkey, and India.