Iran’s trade balance remains positive for 7th straight month

Baku, Azerbaijan, Oct. 26

By Fatih Karimov – Trend

The Islamic Republic imported 18 million tons of goods, worth $24.05 billion during the first seven months of the current fiscal year (started March 20, 2016).

The figure indicates a 0.1 percent fall in comparison with the same months of preceding year, the Iranian Customs Administration reported Oct. 26.

Iran's non-oil trade balance over the first seven months of the current Iranian fiscal year (March 20-Oct. 21) remained positive for seventh straight month and stood at $606 million.

Corn fodder worth $679 million topped the list of Iran's imported goods during the 7-month period.

After corn fodder, soybean worth $534 million, rice worth $508 million, car parts worth $498 million and motor vehicles with internal combustion engine worth $407 million were other main imported goods of the Islamic Republic in the first seven months of the current fiscal year.

China was the main exporter of goods to Iran in the mentioned period. Iran imported $5.7 billion worth of goods from China in the 7-month period.

After China, the UAE ($4.098 billion), South Korea ($1.885 billion), Turkey ($1.555 billion) and Germany ($1.275 billion) were the other four biggest exporters of goods to Iran.

Iran’s imports from Germany witnessed an increase by 25 percent during the 7-month period, meanwhile China’s exports decreased by 5.54 percent.

The Islamic Republic’s imports from the UAE, South Korea and Turkey also witnessed fall by 13.09 percent, 13.54 percent and 15.26 percent respectively.

Iran's non-oil exports (including gas condensates) increased by 4.34 percent to $24.657 billion during the first seven months of the current Iranian fiscal year.

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