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Trade between Iran and major economies hits $6.25b over 4 months

TEHRAN, Aug. 2 (Mehr News Agency) -- While China, Japan, France, Germany, Britain, Italy, Russia, and South Korea were busy pushing for a resolution against Iran's nuclear program, the trade volume between Iran and these major economic powers over the past four months hit $6.25 billion, the Islamic Republic of Iran Customs Administration (IRICA) announced here on Wednesday.

The value of Iran's total trade volume from March 21 to July 22 stood at $17.81 billion, with the United Arab Emirates, Germany, and China being its three major trading partners, according to the IRICA report.

Iran's total trade exchanges with the UAE over the period reached $3.645 billion, consisting of $2.964 billion of imports and $681 million of exports.

Germany, Iran's second leading trading partner, exported $1.597 billion worth of goods to Iran and imported $90 million of cargo from the Islamic Republic over the four-month period.

Iran's trade exchanges with China stood at $1.306 billion for the period, while the Islamic Republic also had significant trade exchanges with Italy ($805m), France ($690m), South Korea ($600m), the Netherlands ($565m), Japan ($560m), Switzerland ($550m), India ($450m), Turkey ($429m), and the United Kingdom ($370m) over the four months.

Iran has so far imported 14.3 million tons of goods valued at $13.6 billion in the current Iranian calendar year (began March 21), while 9.9 million tons of merchandise valued at $4.4 billion has been exported.

The UAE, China, Iraq, India, Japan, Italy, Singapore, the Netherlands, Saudi Arabia, and Afghanistan have been major importers of goods from Iran over the period.

... Payvand News - 8/3/06 ... --

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