Iran reports $25.5bn of trade in first quarter of calendar year
Figures by the Iranian customs office (IRICA) shows the country’s trade with the rest of the world without considering the share of crude shipments had reached a total of $25.5 billion in the first quarter of the calendar year that started March 21.
IRICA chief Alireza Moghaddasi said on Wednesday that Iran had a trade surplus of $605 million in the June quarter.
Moghaddasi said Iran’s trade had increased by 19.5% in value terms compared to the quarter to June 21, 2021.
IRICA figures showed that Iran’s non-oil exports had reached a total value of $13.069 billion over the first quarter of the calendar year, up 21% compared to the same quarter last year.
Imports rose 18% year on year in the June quarter to stand at $12.464 billion, showed the figures.
China was the largest importer from Iran over the period with $4.214 billion worth of purchases, followed by Iraq at $1.824 billion and Turkey at $1.737 billion, the customs data showed.
Iranian exports to the United Arab Emirates and India reached $1.645 million and $424 million, respectively, showed the data.
IRICA figures showed that the UAE was the largest exporter to Iran over the quarter to late June with $3.426 billion worth of shipments delivered to the country, followed by China at $3.131 billion and Turkey at $1.273 billion.
India and Germany’s exports to Iran over the same period reached $512 million and $456 million, respectively, showed the figures.
Iran’s trade with the rest of the world has increased since the country came under a regime of American sanctions in 2018.
US bans on Iran’s sales of crude has caused a boom in exports of oil products as well as agrifood, metals and minerals.
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