Iran's trade balance becomes positive

Iran's trade balance becomes positive
ID : N-1855 Date : 2018/05/28 - 11:25

(Persia Digest) - Iran's trade balance becomes positive at USD 942MM in the first two months of this year, Iran Customs Administration announced.

Iran's non-oil exports rose by 22 percent in the first two months of this year as well, according to Iran Customs Administration. Exports of non-petrochemicals and gas condensates increased by 40.54 percent to reach USD 4.391BN.

Petrochemical exports grew by 1.19 percent at USD 2.318 BN, while gas condensate exports increased by 10.54 percent at USD 1.029BN.

The total non-oil exports and imports in March and April were more than USD 14.53BN, with a growth of 11% compared to the same period last year.

Iran's non-oil exports amounted to USD 7.73BN, with a growth of 21.93 percent compared to the same period last year.

The main export items of Iran during the first two months of the solar year 1397 consisted of gas condensates, liquefied propane, light oils and products, except for gasoline, polyethylene grade film, petroleum gases and liquefied gas hydrocarbons.

The main buyers of Iranian goods in the first two months of this year were China, the United Arab Emirates, Iraq, Afghanistan and India, respectively.

On the other hand, in the first two months of the current year, Iran imported USD 6.797BN worth of goods, which is 0.49 percent higher than the same period last year.

Major import items also included disassembled parts for car production, livestock corn, soybean, rice and parts and components of machinery and apparatus.

Major exporters to Iran during the above-mentioned period included China, the United Arab Emirates, the Republic of Korea, Germany and Turkey, respectively.

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