Iran Exceeds $76 Billion in Non-Oil Trade
Iran's non-oil trade exceeded $76 billion during the first 11 months of its current fiscal year, according to data released by the Islamic Republic of Iran Customs Administration. This marks a 1.8% increase compared to the same period last year.
The country exported $38.49 billion worth of non-oil commodities, registering a 0.21% rise from the previous year's corresponding period. Meanwhile, imports reached $38.41 billion, up 3.47% year-on-year.
This resulted in a $77 million surplus in Iran's international trade balance for the 11 months to February 18, 2017.
The top exported commodities included gas condensates ($6.57 billion), natural liquefied gases ($1.95 billion), light crude oil (excluding gasoline) ($1.36 billion), petroleum gases, liquefied hydrocarbons ($1.1 billion), and liquefied propane ($1.07 billion).
The main import commodities were field corn ($1.3 billion), soybean ($848 million), auto parts ($730 million), motor vehicles with engine displacement of 1,500-2,000cc ($705 million), and motor vehicles with engine displacement of 2,000-2,500cc ($572 million).