Iran's 10-month non-oil exports up 18 pct: minister


TEHRAN, Jan. 24 (Xinhua) -- Iran's non-oil exports rose 18 percent in the first 10 months of the current Iranian calendar year, reaching 47.8 billion U.S. dollars, Economy Minister Abdolnaser Hemmati said Friday.

Customs data showed exports increased from 40.4 billion dollars in the same period last year, while imports grew 3 percent to 56 billion dollars.

Iran's oil exports in the 10-month period that ended on Jan. 19 exceeded 30 billion dollars, Hemmati added, putting the country's trade surplus at over 28 billion dollars.

The increase in non-oil exports comes as Iran has been trying to boost trade with neighboring countries and Asian partners to offset the impact of U.S. sanctions reimposed in 2018 after Washington withdrew from a 2015 nuclear deal with Tehran. These sanctions have significantly limited Iran's oil exports, traditionally its main source of revenue.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

Two killed, 12 injured after projectile fell on residential location in Saudi Arabia
Colombians vote in legislative contest, presidential primaries
Swiss voters set to reject plan to cut funding for state broadcaster
From 1776 to 2026: Adam Smith's lessons for the global economy
Pope Leo urges end to bombing, calls for dialogue amid Iran, Middle East violence
Punch in your area: Blackpink's Lisa meets Internet's favourite 'lonely monkey'
UAE tugboat sinks in Strait of Hormuz, three Indonesian crew missing
Israeli airstrikes target Iranian military infrastructure amid rising tensions
Majority consensus reached on Iran's next supreme leader
UAE, Kuwait start oil output cuts after Hormuz Blockage

Others Also Read