TEHRAN (Iran News) – The Iranian customs office (IRICA) has reported a trade deficit of just over $3 billion for the country in the 11 months to February 19.
IRICA figures published on Saturday showed that Iran’s total trade with other countries had topped $90.094 billion in March-February, up 38% from the similar previous period.
The figures showed that Iranian trade had risen by 12% in volume terms over the same period to a total of 149.4 million metric tons (mt).
The figures exclude Iran’s direct oil exports although crude products account for a large part of overseas shipments.
IRICA’s deputy for technical affairs Foroud Asgari said that Iranian exports over the March-February period had reached $43.517 billion, an increase of 40% year on year.
Asgari said that export shipments had increased by 10% in volume terms in the 11 months to late February to 112.658 million mt.
The official did not elaborate on a breakdown of export figures but the huge volume could point to major increase in the Iranian overseas shipment of metals and mining products.
Asgari said imports into Iran had increased by 36% in value terms year on year in Marc-February to $46.577 billion.
He said shipments were up by 19% in volume terms over the same period at a total of 36.777 million mt.
The official said farming inputs, manufacturing machinery, medicine and medical equipment and basic goods had accounted for a bulk of Iranian imports in the 11 months to late February.
Meanwhile spokesman for the Islamic Republic of Iran Customs Administration (IRICA) said that country’s exports value registered a 22 percent hike from August 23, 2021 to Jan. 22, 2022 as compared to the same period of last year.
Seyyed Rouhollah Latifi Spokesman for IRICA said that, despite two percent decline in volume of goods exported by the country, exports value showed a 22 percent hike since the 13th government assumed office in the middle of summer.
According to statistics, 13,819,000 tons of non-oil goods, valued at $16.631 billion were imported into the country in the first five months of the current year in 1400 (from March 21 to August 22), he said, adding 45,474,000 tons of goods, valued at $17.661 billion were exported from the country as well.
He went on to say that 19,392,000 tons of goods, valued at $24.842 billion, were imported into the country from August 23, 2021 to Jan. 22, 2022
More than 100 million tons of goods, valued at $38, were exported from the country in the first 10 months of the current year (from March 21, 2021 to Jan. 22, 2022), IRICA spokesman added.
In addition, 33 million tons of goods, valued at $41 billion, were imported into the country in 10 months of the current year, Latifi added.
