This surge reflects robust performance in non-oil trade, as highlighted by the latest statistics from the Islamic Republic of Iran Customs Administration (IRICA).
In his statement, Hemmati noted that while non-oil exports flourished, imports saw a modest rise. The total value of imports during this period stood at $56 billion, which includes $6.3 billion worth of gold. This represents only a 3% increase overall, and when excluding gold, imports actually decreased by 10% compared to the previous year.
Hemmati further elaborated on the trade balance, revealing that the surplus from both oil and non-oil sectors has exceeded $28 billion, driven by over $30 billion in oil exports during the same timeframe. He pointed out that the deficit in non-oil trade has significantly narrowed, dropping from $12.5 billion to just $2 billion, when not accounting for gold imports over the two-year span.
NOURNEWS