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Iran’s non-oil trade hits $76B

Business Materials 24 February 2016 16:09 (UTC +04:00)

Baku, Azerbaijan, Feb. 24

By Fatih Karimov- Trend:

Iran's non-oil trade balance remained positive for eleventh straight month as the figure stood at $1.68 billion from the beginning of the current Iranian fiscal year (March 21, 2015) to Feb. 20.

Iran's non-oil exports (including condensates) surpassed $38.758 billion during the first eleven months of the current fiscal year (March 21, 2015-Feb. 20, 2016), indicating a fall by 16.69 percent compared to the same period of the preceding year, the Iranian Customs Administration reported Feb. 24.

The exported goods were mainly raw material, as Petroleum gases and gas hydrocarbons, liquefied propane and bitumen topped the list of country's exports.

China, Iraq, the UAE, Afghanistan and India were the top Iranian goods importers during the 11-month period.

The Islamic Republic also imported $37.08 billion worth of goods during the period, 23.33 percent less in comparison with the same months of preceding year.

The most important imported goods by Iran were: livestock corn with 3.4 percent share of overall imports, wheat (two percent share), soybean meal (1.85 percent), rice (1.68 percent) and car parts (1.63 percent).

China, the UAE, South Korea, Turkey and Switzerland were the leading exporters of goods to Iran.

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