Iran Records $12.5b in Non-Oil Trade Surplus with Neighbors

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Iran traded 67.6 million tons of non-oil commodities worth $35.58 billion with its 15 neighboring countries. namely the UAE. Iraq. Turkey. Afghanistan. Pakistan. Russia. Oman. Azerbaijan. Turkmenistan. Kuwait. Qatar. Kazakhstan. Armenia. Bahrain and Saudi Arabia. in the last Iranian year (ended March 20. 2019).

Non-oil trade registered a 9.71% and 7.29% decline in tonnage and value respectively compared with last year’s corresponding period.

Latest data released by the Islamic Republic of Iran Customs Administration show Iran’s exports totaled 59.06 million tons worth $24.06 billion last year. indicating a 0.07% decrease in tonnage and 0.03% increase in value year-on-year.

Imports stood at 8.54 million tons worth $11.52 billion. down 0.24% and 0.23% in tonnage and value respectively YOY.

A non-oil trade surplus of $12.54 billion was registered in favor of Iran during the period.