Iran's non-oil foreign trade during the first quarter of the current fiscal year (March 21-June 20) stood at $21,782 billion. Compared with statistics provided by the Islamic Republic of Iran Customs Administration, foreign trade indicates a 5% decrease compared with the same period of last year. The country recorded a non-oil trade surplus of $1.2 billion for the first quarter of this year. Exports hit $11.499 billion during the three month to June 20 to register a 1% decline in US$ value year-on-year. Imports amounted to $10.283 billion, down 9% in US$ value over last year’s corresponding period. IRICA data also show that the exports and imports in Euro registered a growth of 9% resp. 1%.
Main Destinations of non-oil exports
Iran’s top export destinations were China with $ 2.644 million, Iraq with $2.383 million, Turkey with $2.235 million, the UAE with $925 million and Afghanistan with $535 million during the period under review. By “non-oil”, IRICA refers to all commodities, except crude oil. Therefore, oil-driven products and byproducts, as well as petrochemical products, are still categorized as non-oil.
Main Exporters to Iran
Major exporters to Iran during the first quarter of the current Iranian year were China ($2.348 million) , the UAE ($1.544 million), Turkey ($1.260 million), India ($1.247 million) and Germany with $514million.