Iran’s trade turnover decreases by 19%, trade balance remains positive
Baku, Azerbaijan, March 28
By Umid Niayesh - Trend:
Iran enjoyed a positive non-oil trade balance during the last fiscal year (ended March 20) as the figure stood at $916 million, the Iranian Customs Administration reported March 28.
However the country's non-oil trade turnover (including condensates) experienced a significant fall by 19.4 percent and stood at $83.914 billion during the last fiscal year.
The value of Iran's non-oil exports (including condensates) surpassed $42.415 billion during the last fiscal year, indicating a fall by over 16 percent compared to the preceding year.
Meanwhile the volume of Iran's non-oil exports amounted for 93.5 million tons, 7.2 percent less year on year.
The exported goods were mainly raw materials, as condensates, petroleum gases and gas hydrocarbons (worth $1.572 billion and 4.4 percent share of overall exports), liquefied propane ($1.422 billion and share of 3.98 percent) and bitumen ($1.24 billion with 3.5 percent share) topped the list of country's exports.
Iran exported 15.95 million tons of condensates, worth $6.6 billion during last fiscal year, respectively 16.6 and 52.42 percent less in terms of volume and value, compared with the last fiscal year.
The Islamic Republic also imported $41.5 billion worth of goods during the period, 22.5 percent less year on year. The volume of country's imports accounted for 35.1 million tons, indicating a 18.5 percent fall.
The most important imported goods by Iran were: livestock corn worth $1.4 billion with 3.4 percent share of overall imports, wheat ($867 million, a two percent share), soybean ($728 million, 1.8 percent share), rice ($680 million, 1.64 percent) and soybean meal ($672 million, 1.62 percent).