Iran's Non-Oil Trade With E7 Exceeds 59 Million Tons

Iran traded 59.69 million tons of non-oil commodities worth $32.21 billion with the Emerging 7 during the last fiscal year (ended March 20, 2019) to register a 17.85% and 13.18% decline in tonnage and value respectively compared to the year before.

Latest data released by the Islamic Republic of Iran Customs Administration show Iran’s exports totaled 49.94 million tons worth $14.71 billion during the fiscal 2018-19, indicating a 19.42% and 11.94% decrease in tonnage and value respectively year-on-year.

Imports stood at 9.74 million tons worth $17.49 billion, down 8.74% and 14.2% in tonnage and value respectively YOY.

As a result, Iran recorded $2.77 billion in non-oil trade deficit with E7 countries.