Iran’s Foreign Trade Value Grows about 48% in One Month

Iran’s foreign trade (total imports and exports) registered about 47.63 percent hike in the first month of the current Iranian calendar year (March 19 to April 22, 2024).

News ID: ۸۴۰۱۵۵

02 May 2024

EghtesadOnline: The country’s foreign trade, including the crude oil, gas condensates, technical-engineering services and electricity included, reached $10.420 billion between March 19 and April 22, 2024, showing a 47.63 percent growth compared to the same period last year.

In this period, Iran exported $7.680 billion worth of products to other countries. In return, the country imported $2.740 billion worth of goods into the country, the report added.

Iran's trade balance, with the crude oil, gas condensates, technical-engineering services and electricity included, turned positive as much as $4.940 billion in the first month of the current Iranian calendar year (started March 19, 2024).

According to the report, Iran exported $4.180 billion worth of crude oil, gas condensates and fuel oil from March 19 to April 22, 2024.

In addition, 9.7 million tons of goods were exported from the country between March 19 and April 22, 2024.

China, Iraq, the United Arab Emirates (UAE), Turkey, Pakistan, Afghanistan and Oman were of Iran’s main export target markets in the first month of the current Iranian calendar year.

Regarding the foreign goods transited from the country, the report added that 1.6 million tons of foreign products were transited through the Iranian land and territory in the first month of the current Iranian calendar year. / Tasnim