$100m Registered in Foreign Trade Surplus

Speaking in a ceremony held in Tehran on Tuesday to award top exporters of the province, the official said $31.8 billion of goods were imported into the country during the same period.

"We registered a trade surplus of $100 million during the period," Zadboum was quoted as saying by IRNA.

A more detailed report on Iran's foreign trade is expected to be published by the Islamic Republic of Iran Customs Administration in the coming days, detailing export destinations and imports origins, Financial Tribune reported.

IRICA's latest report shows China, Iraq, the UAE, Turkey and Afghanistan were Iran’s main export destinations during the first eight months of the current Iranian year (March 21-Nov. 21).

Exports to China stood at $6.8 billion to account for 25.15% of total exports.

Iraq imported $5.71 billion worth of non-oil goods from Iran (21.12%).

Exports to the UAE stuck around $2.93 billion (10.84%).

Non-oil goods sold to Turkey were worth $2.8 billion (10.35%). 

Exports to Afghanistan reached $1.49 billion (5.54%).   

Top exporters to Iran during the eight-month period were China with $7.26 billion and a share of 25.59% of Iran’s total imports, the UAE with $5.33 billion and a share of 18.81%, Turkey with $3.36 billion and a share of 11.86%, India with $2.51 billion and a share of 8.85%, and Germany with $1.37 billion and a share of 4.85%.

"Iran has the capacity to supply $100 billion out of $1,600 billion worth of goods annually imported by the neighboring countries," Zadboum said in an address to the Tuesday ceremony.