Iran’s non-oil trade balance stands at $1.4B

By  Trend

Iran’s non-oil trade balance stood at $1.398 billion in the first half of the current fiscal year(started on March 21).

According to the monthly report of Iran’s Custom Administration, Iran exported $21.706 billion worth of commodities, 5.99 percent more than in the same period of the last fiscal year, while its imports decreased by 2.61 percent to $20.308 billion.

Iran includes gas condensate and liquid gases in its non-oil export basket, while the total amount of Iran’s gas condensate, propane, butane and other liquid gases was about $7 billion.

China was Iran’s major trade partner during the last six months. According to the report, China shares 18.43 percent of Iran’s total non-oil exports as well as 23.93 percent of Iran’s total imports.

Germany also increased exports to Iran by 26.04 percent to $1.122 billion.