World  Business and Economic Analysis 

 

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Based on report ,Iran’s non-oil foreign trade in the first two months of the current Iranian calendar year of 1395 (March 20- May 20, 2016) reached $12.4 billion according to the latest report of Iran Customs Administration.

According to the International statisticts indicated that Imports, including field corn, soybean, rice, and some specific auto parts stood at $5.49 billion, down 13.54 percent compared with last year’s similar period. Imported goods mainly originated from China, the United Arab emirates (UAE), Russia, South Korea, Turkey, Germany, and India.

Exports, which chiefly comprised gas condensate, petroleum gases and liquefied hydrocarbon gases, liquefied propane, and bitumen, reached $6.85 billion, indicating a 14.68 percent drop compared with the corresponding period of last year. China, Iraq, the UAE, South Korea, and India were the main export destinations.

According to Iran’s Customs Administration, in the past Iranian calendar year, which ended on March 19, 2016, the value of the country’s non-oil trade reached over $83 billion.

In the past year, the Tasnim news agency reported, Iran exported $42.415 billion worth of goods while its imports reached $41.499 billion, showing a 16.11 percent decrease in the value of exports and a 22.53 percent decline in the value of imports when compared to its previous year.

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