Non-Oil Exports Raise to $38bn in 11 Months

IRICA has announced that Iran deployed non-oil commodities worth over 38 billion dollars in the first 11 months of the current year (began March 20. 2016).
According to the report released by Iran Customs Administration (IRICA). the country’s non-oil exports and imports figures in the eleven-month span reached 38.492 and 38.415 billion dollars respectively indicating a 0.21 per cent growth for the former and 3.47% for the latter as compared with the figure for the corresponding period last year.
The imports figure indicates a positive commercial balance for the country in the past eleven months.
Customs formalities for 111.812 million tons of exported goods and 30.005 million tons of imported items were carried out in the meantime.
The main export commodity was gas condensate worth 6.571 billion dollars which making up for 17.07 per cent of overall non-oil export. LNG landed second with 1.952 billion dollars with a 5.07 share in the total non-oil export.
Major imported goods comprised soybean. auto parts. motor vehicles and rice.
China marked the largest buyer of Iranian products by purchasing goods worth of 7.298 billion dollars in the past eleven months.
UAE. Iraq. Turkey and Korea followed China in terms of Iranian imports while China. UAE. South Korea and Turkey are also major importers to Iran.

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