Iran says December trade rose by 25% y/y to nearly $9bn
Iran has reported a major surge in trade activity in the calendar month to late December as exports reached a total $4.041 billion over the period, according to figures provided by the Iranian customs administration (IRICA).
IRICA spokesman Rouhollah Latifi said on Monday that the total value of trade reported in the month to December 21 had reached $8.951 billion, up 25% from the similar month in 2020.
Latifi said Iranian December trade deficit had amounted to around $869 million as imports into the country rose 27% year on year to stand at $4.91 billion.
Iran has been reporting a continuous growth trend in non-oil trade activity in recent years despite increased American pressure on its economy.
The boom has accelerated in recent months with an easing of coronavirus restrictions on trade around the world.
Latifi said that Iranian exports had increased by 23% year on year in the month to late December, adding that China remained Iran’s main export destination over the period with $1.126 billion worth of purchases.
He said that exports to Iraq and the United Arab Emirates had amounted to $1.15 billion while shipments to Turkey and Afghanistan rose to reach just over $0.5 billion over the same period.
Main exporters into Iran in December included the UAE with $1.42 billion worth of shipments followed by China at $1.191 billion and Turkey at $454 million, said the official, adding that imports from Switzerland and Germany had amounted to over $310 million over the same month.
IRICA figures showed that freight transit through Iran had reached around 1.57 million metric tons in volume terms in the month to late December, an increase of 53% against the same month last year.
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