Iran Press/ Iran news: The balance of trade, commercial balance, or net exports (sometimes symbolized as NX), is the difference between the monetary value of a nation's exports and imports over a certain time period.
In recent years, the United States has imposed many obstacles to Iran's foreign trade by imposing maximum sanctions, but the Islamic Republic of Iran has tried to rely on its domestic capabilities and geopolitical position in the region to make it possible to neutralize sanctions and remove obstacles to economic progress.
According to Iran press, 'Foroud Asgari', Deputy Head for Islamic Republic of Iran Customs Administration (IRICA) describing Iran's non-oil trade in March, said that in the first month of 1401(Farvardin), Iran's non-oil exports reached 7 million 324 thousand tons and worth 3 billion 699 million dollars, which is for the same period last year, showing growth by 25% in value.
Askari added that Iran's imports in April amounted to 2 million 252 thousand tons of goods worth 2 billion 824 million dollars.
IRICA Deputy Head for Customs Affairs stated that, considering Iran's exports of 3 billion and 699 million dollars and imports of 2 billion and 824 million dollars in Farvardin1401 (March 2022), the country's trade balance shows a positive $ 756 million.
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