Iran posts trade deficit of $1.5bn for June quarter
Figures by the Iranian customs office (IRICA) show the country had a trade deficit of $1.5 billion in the quarter to June 21.
IRICA figures cited in a Monday report by the official IRNA news agency showed that Iran had exported a total of $12.5 billion worth of commodities excluding crude oil, mazut, kerosene and goods carried by passengers in the three months to late June.
The figure was a fall of 8.84% compared with April-June 2022, said the report, adding that shipments had risen by 24.42% in volume terms to 35.5 million metric tons (mt) over the same period.
The report said imports into Iran reached 8.6 million mt worth $14 billion in the June quarter, down 1% and 5.79% in volume and value terms, respectively, from the same quarter last year.
It said a main reason for drop in Iranian non-oil exports was declining prices of some key export commodities, including petrochemicals.
Iranian petrochemical exports revenues fell by 18% in April-June despite the fact that shipments had increased by 16% in volume terms over the same period, said the report.
China remained the largest buyer of Iranian exports in the June quarter with some $3.5 billion worth of purchases, followed by Iraq at $2.3 billion and Turkey at $1.7 billion, showed IRICA figures which indicated that exports to the United Arab Emirates (UAE) and India had reached $1.3 billion and $0.489 billion, respectively, over the same quarter.
The figures showed that UAE, a major regional re-exporting hub, had been the largest supplier of commodities to Iran in the three months to late June with some $4.1 billion worth of exports, followed by China at $4 billion and Turkey at $1.5 billion.
Imports from Germany and India to Iran topped $0.548 billion and $0.501 billion, respectively, in April-June, according to the Iranian customs figures.
D-8’s role in Iran’s economy after Cairo summit
Iran’s mining, metals exports at $8.8bn in Apr-Nov
Iran’s cenbank says inflation down to lowest in 4 years
D-8’s role in Iran’s economy after Cairo summit
China slams US as ‘war-addicted’ threat to global security
China ‘firmly opposes’ US military aid to Taiwan
VIDEO | Press TV's News Headlines
President Yoon Suk Yeol to be removed from office
At least 19 Gazans killed by Israeli airstrikes since dawn: Medics
Leader: Iran neither has nor needs proxy forces
US fighter aircraft shot down ‘in friendly fire’ amid aggression on Yemen
PressTV NEWSLETTER
now
This makes it easy to access the Press TV website
