TEHRAN (Iran News) – Iran Foreign Trade Surpasses $72b. Head of Iranian Customs Administration (IRICA) Alireza Moghadasi said that the country’s foreign trade exceeded $72 billion in the first nine months until the end of the fall.
Moghadasi announced that during the first 9 months of the year 1400 (Mar. 21-Dec. 21), 122,500,000 tons of goods worth more than $72 billion were exchanged between Iran and other countries, showing an increase of 11% in weight and 38% in value compared to the corresponding period last year.
Moghadasi also said if the trade relations continue at the same pace, by the end of the year, the total trade value of the country will increase to $98 billion.
Of the total trade recorded during that period, 92,300,000 tons worth $35,100,000 billion were exports, which show an increase of 8% in weight and 40% in value compared to the same period last year, the official added.
Referring to the growth of the Iranian non-oil exports despite the sanctions and the Covid-19 restrictions, the IRICA head noted that it is expected to see even more improvements in the future by resolving existing problems.
Petrochemical products with a volume of 42.400.000 tons worth $ 14 billion and $ 700 million were at the top of the exports table in that period, which accounted for 46% of the total weight and 42% value of exports, showing a growth of 40% compared to last year.
The value of Iran’s non-oil trade rose 38 percent during the first nine months of the current Iranian calendar year (March 21-December 21), as compared to the same period of time in the past year, he added.
According to the official, petrochemical products accounted for 42 percent of the total value of the exports in the said time span, with 42.4 million tons worth $14.7 billion of the said products being exported to foreign markets.
He said major export destinations of the Iranian non-oil goods were China, Iraq, Turkey, the United Arab Emirates (UAE), and Afghanistan.
Moghadasi further announced that the Islamic Republic imported 30.1 million tons of non-oil commodities worth $37 billion in the first nine months of the present year, with a 37-percent growth in value and a 20-percent rise in weight year on year.
The United Arab Emirates was the top exporter to Iran in the said period, followed by China, Turkey, Germany, and Switzerland, he stated.
According to the IRICA acting head, out of the total non-oil goods imported into the country in the first nine months of this year, 23.1 million tons worth $12.4 billion were basic goods, which indicate an increase of 32 percent in weight and 61 percent in value, year on year.
IRICA has previously announced that the value of Iran’s non-oil trade stood at $73 billion in the past Iranian calendar year.