Iran's foreign trade increases to $112 billion in 1st 9 mos

Iran's foreign trade value from March 21 to December 22, 2023 hit $112 billion, showing a 7% increase compared to last year in the corresponding period, Khandouzi said.

He added that the Islamic Republic of Iran Customs Administration (IRICA) calculated the monthly foreign trade report with the inclusion of the exports of oil, electricity, technical and engineering services for the first time in its report.

The report indicates that Iran’s exports value exceeded that of imports by $15 billion, according to the economy minister, celebrating that, "More than $63 billion worth of oil- and non-oil products were exported from the country while more than $48 billion worth of products were imported into the country in this period.”

According to Khandouzi, the total value of Iran’s foreign trade hit $112 billion from March 21 to December 22, 2023, indicating a 7% growth compared to the same period last year.