Value of Iran’s Q1 non-oil trade hits 13.98 bln USD

The value of Iran’s non-oil trade stood at 13.98 billion U.S. dollars during the first three months of the current Iranian calendar year, from March 20 to June 20, Eghtesad Online news website reported on Tuesday.

Of the total, exports totaled 21.92 million tonnes which was valued at 6.36 billion dollars. The figures registered a 45.12 percent decline in weight and 43.98 percent decline in value year-on-year, Mehdi Mirashrafi, the head of the Islamic Republic of Iran Customs Administration, was quoted as saying.

Iran’s Q1 non-oil imports in the period weighed over 8.92 million tonnes, worth 7.62 billion U.S. dollars, posting a decrease of 0.78 percent in tonnage and 26.76 percent in value compared to the corresponding period last year, said Mirashrafi.

“The decline in our exports in recent months is to blame on the outbreak of coronavirus and closure of borders. However, exports have begun to normalize since mid-June,” Mirashrafi added.

Almost all Iranian land borders were closed down after the outbreak of the novel coronavirus in late February.

About 80 percent of the land trade crossings with neighbors have recently opened, Hossein Modarres Khiabani, caretaker of the Ministry of Industries, Mining and Trade, said recently.

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