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Iran's non-oil trade tops $47b

Source: Tehran Times

The total value of Iran's non-oil imports and exports during the first half of the current Iranian calendar year, which began on March 20, amounted to $47.1 billion, according to the Customs Administration data.

Related Story: Iran ranks world's 23rd largest exporter in 2011: WTO

Iran exported around 37.45 million tons of goods, worth $20.62 billion and imported some 19.12 million tons of goods, worth $26.48 billion in the six-month period, the data said, the Mehr news agency reported on Wednesday.

On August 5, the Iranian finance and economic affairs minister said Iran conducted economic transactions with 150 countries in the last calendar year.

Shamseddin Hosseini said Iran continues trading with the world at a time when certain countries are trying to put hurdles in front of its economic progress, the minister said.

Iran's annual trade turnover is projected to reach $160 billion by the end of the fifth five-year development plan (March 2016), an official with the Trade Promotion Organization of Iran (TPOI) said in May.

Kiyumars Fathollah Kermanshahi added that the value of annual imports and exports are planned to reach $77 billion and $83 billion respectively by 2016.

Iran exported around $43.7 billion worth of non-oil goods in the previous (calendar) year and imported some $61.8 billion worth of goods, to hit the unprecedented mark of $105 billion in annual trade.

... Payvand News - 09/27/12 ... --

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