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Iran’s monthly trade balance stands at $1B

Business Materials 25 April 2016 19:52 (UTC +04:00)

Tehran, Iran, April 25

By Mehdi Sepahvand - Trend:

Iran's trade balance over the first month of the current Iranian fiscal year (which started March 20) stood at $1 billion.

Also, during the mentioned period the country's non-oil export grew by 7.91 percent to hit $3.7 billion, the Islamic Republic of Iran's Customs Administration Organization reported April 25.

Iran includes gas condensates in the group of non-oil goods in statistical reports.

In the meantime, Iran imported 1.925 million tons of goods worth $1.98 billion, lowering 2 percent in weight and 7 percent in value compared to the same month a year earlier.

The value of gas condensates exported in the said month was $545 million, while exported petrochemicals and other goods amounted to $2.462 billion.

China, the UAE, Iraq, Korea, and India were the major buyers of Iranian goods.

Iran's major imports included soybean, livestock bean, barley, wheat, and soybean meal.

Iran also imported 1,694 cars worth $41 million, showing a rise of 164.69 percent compared to the same period a year earlier.

The major sources of Iran's imports were China, the UAE, Turkey, Germany, and India.

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