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Today is Tuesday - July/14/2020
Iran’s non-oil trade up 44% in 6 months

Iran’s non-oil trade up 44% in 6 months

Iran’s total non-oil trade hit $49.69 billion in the first half of the current Iranian calendar year (March 21-September 22), a 44 percent rise compared to the same period in the previous year.

Iran exported $23.66 billion of non-oil products and imported $26.21 billion of non-oil products during the six-month period, the Fars News Agency reported on Sunday.

China, Iraq, and the United Arab Emirates were the top three importers of Iranian non-oil goods. And the United Arab Emirates, China, and India were the leading exporters of non-oil goods to Iran.

Interest in Iran as a destination for business is growing ahead of the international talks, which are being held to resolve the deadlock over Iran’s nuclear program.

If the discussions between the six major powers and Iran progress smoothly, it is expected that the sanctions imposed on the country will be eased and commercial routes will be revived.

On June 12, Trade Promotion Organization of Iran Director Valiollah Afkhami-Rad said Iran’s annual non-oil exports are projected to rise by 50 percent and hit $47 billion in the current Iranian calendar year.

Iran’s non-oil exports witnessed nearly half-a-percent growth while the country’s imports dropped around five percent in the previous Iranian calendar year, according to Press TV.