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Iran’s non-oil exports up 6.5% y/y in H1 amid trade deficit
TPO’s head Mohammad Ali Dehghan said on Sunday that the value of exports from Iran had reached a total of $25.8 billion in the six months to September 21, up 6.5% from the same period last year, Press TV reported. Dehghan said the volume of export shipments had also increased by 3.4% year on year in April-September to reach 70 million metric tons. The official said imports into Iran were worth $32.5 billion in first half of the current calendar year that started in late March, up 2.8% from the same period in 2023. The UAE, China, Turkey, Germany and India were the top five exporters to Iran over the period as they were responsible for 75% of the shipments supplied to the country, said the TPO chief.
The figures mean Iran had a trade deficit of $6.7 billion over the six months to late September which experts attribute to continued decline in the global prices of some commodities as well as a decrease in the Iranian natural gas exports.