Iran’s Non-Oil Trade Balance Hits -$16.8 bln in One Year: IRICA

Iran’s trade balance with the inclusion of export of crude oil, technical and engineering services and electricity exceeded $20.6 billion while the country’s non-oil trade balance reached about -$16.8 billion in the previous Iranian calendar year (March 21, 2023 to March 19, 2024).

News ID: ۸۳۴۹۹۷

06 April 2024

EghtesadOnline: According to the Islamic Republic of Iran Customs Administration (IRICA), the country’s exports with the exclusion of exports of electricity, oil, technical and engineering services and luggage trade hit $49.4 billion, showing an 8.9 percent decline compared to a year earlier.

Also, the country’s total export with the inclusion of oil, electricity, and luggage trade reached $86.9 billion in 12 months of the previous Iranian calendar year, IRICA added.

About 136.4 million tons of non-oil products were exported from the country in the previous Iranian calendar year, showing a 9.8 percent growth compared to a year before, Mehr news agency reported.

In the meantime, the country’s total imports with the inclusion of importing $1.9 billion of standard gold ingot reached $66.3 billion from March 21, 2023, to March 19, 2024, IRICA said, adding that 39 million tons of goods were imported into the country, registering a 4.4 percent hike compared to a year earlier. / Tasnim