Foreign trade on upward trend during President Raisi’s term: IRICA

May 24, 2024 - 14:25

TEHRAN - Iran’s foreign trade registered a considerable jump during the late President Ebrahim Raisi’s administration (32 months in service) and reached more than $301 billion, the Islamic Republic of Iran Customs Administration (IRICA) said.

About 347 million tons of goods, valued at over $137.8 billion, were exported from the country between August 2021 and April 22, 2024, showing a 17.19 and 1.5 percent hike in terms of value and weight respectively compared to the same period in the previous administration, it said.

The report added that $48 billion of products were exported from the country in 2021, showing a 40 percent hike compared to a year earlier.

More than $53 billion of products were imported into the country in 2021, showing a 36 percent hike compared to a year before, it noted.

IRICA put the export of non-oil goods in 2022 at $53 billion, showing about 10 percent increase compared to a year earlier.

The country imported $59 billion of products in 2022, registering a 13 percent hike compared to a year before.

Iran exported about $87 billion worth of products including oil, electricity, technical and engineering services last year (ended March 19, 2024), showing a 58 percent hike compared to a year earlier, the report said.

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 IRICA data.

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.

A helicopter carrying President Raisi and his entourage crashed in northwestern mountainous forests on May 19.

The crash killed President Raisi, Foreign Minister Hossein Amirabdollahian, Friday prayers leader of Tabriz Ayatollah Mohammad Ali Al-e-Hashem, Governor of East Azarbaijan Malek Rahmati, the commander of the president’s security team, two pilots and a flight crew.

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