Copy in clipboard...
Iran’s trade balance improves by $5.5b: IRICA
During the period, non-oil exports totaled $22.5 billion, reflecting a 24% rise compared to the same period the previous year. In terms of weight, non-oil exports reached 59 million tons, an 18% increase year-on-year.
The report also noted that imports during this time amounted to $25 billion, a 4.5% decrease compared to the same period in the previous year. By weight, imports totaled 12.8 million tons, down 20.5% year-on-year.
Overall, Iran’s total trade volume, including both exports and imports, grew by 7% to $47.5 billion during the incumbent administration. By weight, trade volume increased by 8.5% to 71.8 million tons.
IRICA statistics reveal that the country’s trade balance improved by 69%, or $5.5 billion, from August 22, 2023, to January 4, 2024.
The report added that during the same period in the previous year, non-oil exports stood at $18 billion, while imports totaled $26 billion.