Iran’s Foreign Trade Nears $80bln in 11 Months

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Iran’s foreign trade during the first 11 months of the current Iranian year reached $78 billion, $38bln of which were exports and about $40bln were imports, the Customs Office announced.

In the 11-month period, the non-oil exports reached over 125 million tons in terms of weight, indicating 17.61% increase compared to the same period last year.

Over the past 11 months, Iran imported about $40 billion worth of goods, weighing 32 million tons, the report said.

Earlier this month, data released by the Iranian Customs showed that the total value of bilateral trade between Iran and the member states of the Eurasian Economic Union (EAEU) over the past 11 months has reached $2.5 billion.

In the first 11 months of the current Iranian year (March 2019 – March 2020), the value of Iran’s exports to the EAEU countries amounted to about $1.245 billion, showing a 105% increase compared to the same period last year.