Dec 02 2012

Iran's non-oil trade turnover hits USD65.4bn in 8 months

TEHRAN - Iran conducted $65.4 billion in trade of non-oil goods with other countries during the first eight months of the current Iranian calendar year, which began on March 20, according to Iranian Customs Administration Director Abbas Memarnejad.

Over 51.8 million tons of goods, valued at around $28 billion, were exported, and 27.2 million tons of goods, worth nearly $37.4 billion, were imported during the eight-month period, the Fars News Agency quoted Memarnejad as saying on Saturday.

Iron ingots, wheat, and corn fodder were the main goods imported, and liquefied propane, urea, and cement were the main items exported.

Iraq, China, and the United Arab Emirates were the three top importers of Iranian goods during the period, while the United Arab Emirates, China, and Turkey were the leading exporters of goods to Iran, Memarnejad said.

In July, Finance and Economic Affairs Minister Shamseddin Hosseini said Iran conducted economic transactions with 150 countries in the previous Iranian calendar year (March 2011-March 2012). And about 80 countries transited their products through Iran, he added.

Iran continues trading with the world at a brisk pace, even though certain countries are currently trying to create obstacles in order to hinder the country's economic progress, the finance minister said.

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

Trade Promotion Organization of Iran Deputy Director Kiyumars Fat'hollah Kermanshahi said in May that annual imports and exports are projected to reach $77 billion and $83 billion respectively by March 2016.

© Tehran Times 2012

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