TEHRAN – The value of Iran’s foreign trade (total imports and exports) registered a 47.63 percent hike in the first month of the current Iranian calendar year (March 19 to April 22, 2024), based on the data released by the Islamic Republic of Iran Customs Administration (IRICA).

The country’s foreign trade, including crude oil, gas condensates, technical engineering services, and electricity, reached $10.420 billion between March 19 and April 22, 2024, showing a 47.63 percent growth compared to the same period last year.

In this period, Iran exported $7.680 billion worth of products, while importing $2.740 billion of goods into the country, the IRICA data indicated.

Iran's trade balance, with crude oil, gas condensates, technical engineering services, and electricity included, turned positive as much as $4.940 billion in the first month of the current Iranian calendar year.

As reported, Iran exported $4.180 billion worth of crude oil, gas condensates, and fuel oil from March 19 to April 22, 2024.

some 9.7 million tons of goods were exported from the country in the mentioned month.

China, Iraq, the United Arab Emirates (UAE), Turkey, Pakistan, Afghanistan, and Oman were of Iran’s main export target markets in the first month of the current Iranian calendar year.

Regarding the foreign goods transited from the country, the report added that 1.6 million tons of foreign products were transited through the Iranian land and territory in the first month of the current Iranian calendar year.

EF/