Tehran (IP) - Iran's non-oil exports to neighboring countries surged by over 25% in the first two months of the Iranian calendar year (from March 20 to May 20, 2024) compared to the same period last year. The country's trade balance remained positive during this timeframe.

Iran PressIran news: The head of the Islamic Republic of Iran Customs Administration (IRICA) revealed that Iran's non-oil trade with 15 neighboring countries reached $9.2 billion, marking a 15% increase from the previous year.

According to Shada, Mohammad Rezvani-Far, head of IRICA, highlighted that exports accounted for $4.9 billion of this total, reflecting a growth of approximately 25% from the corresponding period last year. Notably, exports saw significant growth in Saudi Arabia, Bahrain, Kuwait, and Oman.

Rezvani-Far further stated that imports totaled around $4.3 billion, resulting in a combined trade volume of $9.2 billion. He emphasized that Iran's trade balance with its neighbors (excluding oil) stood at $0.6 billion based on recent statistics.


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