News ID : 210030
Publish Date : 1/24/2025 7:56:08 PM
Iran's non-oil exports surge by 18% amidst steady trade balance

Iran's non-oil exports surge by 18% amidst steady trade balance

Iran's Minister of Economic Affairs and Finance, Abdolnasser Hemmati, announced a significant increase in the country's non-oil exports, which reached $47.8 billion in the first ten months of the current Iranian calendar year, marking an impressive 18% growth compared to the same period last year.

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
Comments

first name & last name

email

comment