...

Iran experiences negative balance in agricultural, food trade

Business Materials 4 June 2018 12:21 (UTC +04:00)

Baku, Azerbaijan, June 4

Trend:

Iran’s agricultural and food industry exports amounted to 709,290 tons, worth $453.34 million during the first month of the current fiscal year (started March 20).

Meanwhile the country imported 1.314 million tons of agricultural and food products, worth $706 million in the same period, which indicates that the Islamic Republic experienced negative balance in trade of agricultural and food industry products, according to the data released by Iran’s Agriculture Ministry.

Watermelon topped the list of exports in terms of volume. Iran exported 195,600 tons of watermelon, followed by tomatoes (110,700 tons), potatoes (67,400 tons), onion (58,000 tons) and apple (52,650 tons).

Meanwhile, watermelon ($35.1 million), tomato ($32.76 million), apple ($29.65 million), pistachio ($21.82 million), ice cream ($18.5 million) and date ($15.97 million) topped the list of Iran’s agricultural exports in terms of value.

Agricultural and food products accounted for 13 percent of Iran’s total non-oil exports during the last fiscal year, ended March 20.

Iran exported 6.130 million tons of agricultural and food products in the last fiscal year, 5 percent more year-on-year.

The value of the exports reached $5.93 billion, 4 percent more compared to the preceding year.

Pistachios, dairy products, sweets and chocolates, saffron, apples, dates and tomato paste were the main exported products in agriculture and food sector.

Iranian officials say that the country’s annual agricultural output stands at 120 million tons, worth at $80 million. The figure includes 82 million tons of crops, 20 million tons of horticultural products, 14 million tons of livestock, and over one million tons of fishery products.

Tags:
Latest

Latest