Iran foreign trade tops $73 billion

Iran’s total foreign trade exceeds USD73 billion. (File photo)

An Iranian trade official says the country’s foreign trade volume has exceeded USD73 billion in the first three months of the current Iranian calendar year [started March 20, 2012].

Deputy Head of Trade Promotion Organization of Iran Kioumars Fathollah Kermanshahi said on Wednesday that the volume of Iran’s foreign trade has exceeded USD73 billion despite the illegal US-engineered sanctions.

“Of this amount, 42 billion dollars was the import volume, which showed 8-percent fall compared to the same period last year,” He said.

The official stated that Iran’s non-petroleum exports have undergone a 28-percent growth in the first three months of the current Iranian year “despite restrictions” against the country.

Kermanshahi noted that Trade Promotion Organization of Iran support non-petroleum exports, which are essential to the country’s economic growth.

The Islamic Republic’s non-oil exports mainly include condensate, mineral fuels, chemical products, plastic products, fruits, nuts, carpets and fertilizers.

PG/HGH/SS