Iran's Non-Oil Exports Exceeds $60bln in 18 Months

Iran exported more than $60 billion worth of non-oil goods during the past one and a half years, Iran's Economy Minister Farhad Dejpasand said.

“Iran’s non-oil exports reached 61 billion dollars over past 18 months,” Dejpasand said on Monday.

He added that only 27 billion dollars have been repatriated, that is, 45 percent of the total sum.

Iran obliged exporters several months ago to repatriate their forex revenues in a bid to resuscitate the country’s economy.

In a relevant development on Sunday, Head of Iran's Customs Administration Mehdi Mirashrafi said Iran’s non-oil trade with the world surpassed $42 billion in the first 6 months of the current local calendar year.

Iran's non-oil exports (excluding crude oil, kiln oil and kerosene, as well as luggage exports) amounted to more than 70 million tons valued at $ 20.9 billion during this period (Iranian Calendar system starting from March 2019), according to Iran Customs.

According to the report, the top five exporting countries in Iran during this period were China, Iraq, Turkey, the United Arab Emirates (UAE) and Afghanistan, respectively, accounting for 75% of Iran's total export value.

Iran also imported 16.5 million tons of goods valued at $ 21.2 billion during the period.