News / Economy

Iran’s foreign trade exceeds $35.8bn in 5 months

Tuesday, 23 August 2016 4:35 PM [ Last Update: Tuesday, 23 August 2016 4:35 PM ]

Iran’s foreign trade exceeds $35.8 in the first five months of the current Iranian calendar year.

Iran says its foreign trade income has surpassed $35.817 billion during the first five months of the current Iranian calendar year (started March 20).

According to a Tuesday report by the Islamic Republic of Iran Customs Administration (IRICA), the country’s non-oil exports in the aforementioned five months reached $19.108 billion, showing a 10.22-percent increase in comparison with the similar period the previous year.

Iran exported $17.336 billion worth of goods in the first five months of the previous year.

Meanwhile, the country imported $16.709 billion of commodities over the same period which showed a 2.85-percent decrease in comparison with the same period of the previous year.

Gas condensate, liquefied natural gas (LNG), petroleum gas and hydrocarbon gas liquids (HGL) were among the main products exported to different countries in the aforesaid five months.

Iran also exported $7.462 billion of petrochemicals in the same period, a figure that was higher than the corresponding period last year by 25.03 percent.

The IRICA report also noted that China has been the main importer of Iranian goods and imported $3.405 billion worth of Iran's non-oil products in the five months, indicating a 2.69-percent boost in comparison with the same period of the previous year. The United Arab Emirates, Iraq, Turkey and South Korea, in descending order, were the next biggest importers of Iran's non-oil products.

Iran imported $938 million worth of goods from Germany in the five-month period, which placed the country fifth in terms of exports to the Islamic Republic. China, the United Arab Emirates, South Korea and Turkey ranked first to fourth, respectively.

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