Report: Foreign Trade Surpasses $103bn in 10 Months

Date: 10 February 2025 - 22:37

News ID: ۱۳۶۷۵۲

TEHRAN - The Trade Promotion Organization of Iran (TPOI) has reported that the country’s foreign trade reached $103.846 billion in the first 10 months of the current Persian calendar year (started on March 20).
The reports said, Iran’s non-oil exports since the beginning of the current Iranian calendar year hit $103.846 billion, registering an 18% growth compared to same period last year.
Iran exported 158.180 million tons of non-oil goods, valued at $103.846 billion in the same period.
The TPOI announced that over 127.396 million tons, valued at $47.755 billion, was for exports, showing a 12 and 18 percent growth in weight and value, respectively.
China, Iraq, the United Arab Emirates and Turkey have been Iran’s main export target markets, the report added.
In that period, Iran exported natural gas, liquefied propane, methanol, liquefied butane and bitumen to the target markets.
In this period, Iran imported $17 billion, $14.4 billion, $909 billion and $1.9 billion worth of products from the United Arab Emirates (UAE), China, Turkey and Germany, respectively.
In addition, 41,297 cars, valued at $877 million, was imported into the country between March 21, 2024 and January 20, 2025, showing a 709 percent and 744 percent growth in number and value, respectively, compared to the last year’s corresponding period.
Iranian Economy Minister Abdolnasser Hemmati announced in January that the country’s non-oil exports reached $47.8 billion in the first 10 months of the current Persian calendar year (to end on March 20), showing an 18% hike.
Hemmati said that the country imported $56 billion worth of non-oil goods, reflecting a modest growth of only three percent compared to the same period last year.
During this period, the country imported $6.3 billion worth of gold, he added.
Hemmati stated that Iran’s balance of trade surplus, including both oil and non-oil sectors, exceeded $28 billion.
Customs data showed exports increased from $40.4 billion in the same period last year, while imports grew 3 percent to $56 billion.
The increase in non-oil exports comes as Iran has been trying to boost trade with neighboring countries and Asian partners to offset the impact of U.S. sanctions reimposed in 2018 after Washington withdrew from a 2015 nuclear deal with Tehran.