Iran reports 24% y/y rise in exports in month to late July
Iranian customs office (IRICA) figures show non-oil exports from the country rose by nearly a fourth in the month to July 22.
IRICA figures published on Saturday showed that Iran’s exports in the fourth calendar month of the Iranian year 1400 reached a total of $4.171 billion, up 24% against same month last year.
That comes as overseas shipments rose by just 2% in volume terms compared with the month to July 2021, showed the figures.
The figures showed that China was responsible for $1.403 billion worth of purchases from Iran over the month to late July as the East Asian country remained the largest customer of Iranian non-oil exports.
Iran’s exports to the United Arab Emirates (UAE) reached $619 million in July while shipments to Iraq amounted to $574 million, said the IRICA, adding that Turkey and India were collectively responsible for $466 million worth of purchases over the same period.
The figures showed that Iran had a trade deficit of $605 million in the month to late July as imports into the country reached $4.776 billion over the period, up 15% compared with the same month last year.
The UAE, the Persian Gulf’s main re-exporting hub, was the largest supplier of goods to Iran in July with some $1.449 billion worth of shipments, followed by China at $1.291 billion and Turkey at $514 million, showed the figures.
The Iranian custom office said that July exports into Iran by India and Russia had amounted to $347 million and $205 million, respectively.
Iran has reported consecutive quarters of growth in foreign trade in recent years despite the fact that the country has been under a harsh regime of American sanctions that blocks its access to normal banking and shipping services.
Chabahar is for ‘everyone's benefit’: India downplays US sanctions threat over Iran deal
US warns of sanctions after India, Iran sign landmark port deal
Iran, India sign 10-year deal to develop Chabahar Port
VIDEO | Yemenis continue supporting Palestinians
VIDEO | Syrian, Palestinian youth stage rally in Damascus in solidarity with Gaza
NATO states ‘considering’ sending troops to Ukraine: Report
VIDEO | NATO alliance threatens world peace
Hamas rejects US floating pier for Gaza aid as publicity stunt
Israeli military confirms death of another soldier in northern Gaza
VIDEO | Genocide in Gaza
Canada sanctions Israeli settlers as attacks on Palestinians soar in West Bank
This makes it easy to access the Press TV website
