Iran’s Foreign Trade Hits $26.5 Billion in Spring: IRICA

TEHRAN (Tasnim) – The Islamic Republic of Iran Customs Administration (IRICA) released the country’s foreign trade statistics in the first quarter of the current Persian calendar year of 1402 (March to May), according to which, the value of Iran’s export of non-oil commodities reached $12.5 billion.

In the first three months of the current year, Iran exported 35.5 million tons of goods, valued at $12.5 billion, with crude oil, fuel oil, kerosene and luggage trade excluded.

Iran imported 8,600,000 tons of non-oil goods, valued at $14 billion, from March to May 2023, IRICA added.

In this period, Iran’s export of non-oil commodities registered a 24.42 percent hike in weight and an 8.84 percent decline in value compared to the same period last year.

In this period, Iran’s import of goods increased one percent and decreased 5.79 percent in weight and value respectively

Some export goods, including petrochemical products, have increased 16 percent in weight and decreased 18 percent in value due to the reduced prices of the products in the international arena, IRICA continued.

According to the report, corn, soybean, sunflower seed, rice, wheat and barley were among the main products imported to the country from March to May 2023.

China, Iraq, Turkey, the United Arab Emirates (UAE) and India were Iran’s first to five export target markets during this period.

Also, 3,500,000 tons of non-oil products were transited via Iranian land, showing a 7.86 percent decline compared to the same period last year.

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