Imports Outstrip Exports

EghtesadOnline: Iran’s exports, excluding crude oil, reached 111.3 million tons worth $48.8 billion while imports stood at 33.6 million worth $53.7 billion during March 21, 2022-Feb. 19

News ID: ۷۵۲۳۱۲

28 February 2023

Iran traded around 150 million tons of goods worth $102 billion (excluding crude oil exports) during the first 11 months of the current fiscal year (March 21, 2022-Feb. 19), according to the Islamic Republic of Iran Customs Administration.

Trade volume and value showed a surplus of 77.7 million tons and $4.9 billion respectively.

Iran’s exports, excluding crude oil, reached 111.3 million tons worth $48.8 billion during the period, registering a 1.16% fall in terms of weight, but a 12.22% rise in value year-on-year, according to Mohammad Rezvani-Far, the head of IRICA.

The average value of each ton of exported products stood at $439 during the period, registering a 13.54% rise compared with $386 in the previous year’s corresponding period.

A total of $21.7 billion of petrochemicals were exported during the period, which accounted for 40.25% of the total exports’ weight and 44.49% of total exports’ value.