Iran’s annual trade turnover hits $180b: CBI

Iran’s trade turnover reached $180 billion in the previous Iranian year which ended on March 19, announced the deputy governor of the Central Bank of Iran (CBI) for economic affairs.
Mohammad Shirijian said that Iran exported about $100 billion worth of goods from March 21, 2023, to March 19, 2024, showing a three percent hike compared to a year earlier, Tasnim News Agency reported.
Shirijian added that $80 billion worth of products were imported into the country last year, registering a 6.2 percent hike compared to a year before.
According to official figures, the value of Iran’s trade with its neighbors increased by 1.35 percent in the previous Iranian year to reach $60.773 billion.
Mohhammad Rezvanifar, head of the Islamic Republic of Iran Customs Administration (IRICA) has put the volume of non-oil trade with the neighboring countries at 95.924 million tons in the said period, which was 2.45 percent less than the figure for the preceding year.
During the past year, Iran exported $28.288 billion worth of goods to its neighbors, while importing commodities valued at $32.485 billion.
Iran’s exports to neighboring countries decreased by 9.51 percent last year while the imports from neighboring countries increased by 13.17 percent.
Rezvanifar named Iraq, the United Arab Emirates (UAE), Turkey, Pakistan, and Afghanistan as the top importers of Iranian goods among the neighboring countries, and the UAE, Turkey, Russia, Oman, and Pakistan as the main sources of imports.
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