Iran’s Foreign Trade Decreased in April

[original article in Eghtesade Iran]

Iran’s Foreign Trade in the month of April 2015 decreased compared to one year ago. Exports are at 77.7% and imports at 23.8%, each are lower figures when compared to March 2014. It is worth noting, however, that in this month the country’s trade balance has been positive when not including gas and oil sales.

According to Iran’s economy, for the month of April 2015 exports have been valued at a little over $2.2B and imports for the same period were at $1.9B – this, also, not including gas and oil sales. Overall, Iran’s trade balance was at a positive $238M. The average price of a ton of exportable goods compared to this time last year has increased by 26.09%, and the average price of a ton of importable goods has increased by 7.88%.

And again, agricultural commodities are the country’s main imports – a consistent trend for many years. Eight of the top ten imports are items related to agriculture: maize production, barley, rice, bananas, soybeans, palm oil, and wheat to name a few.

Interestingly enough, although Iran’s imports from all the continents (except Africa) has decreased – there has also been a 3% decrease in imports (except South Korea) for the month of April – imports overall have increased an estimated 341%. The combination of countries exporting goods to Iran has not changed: China, UAE, South Korea, Turkey and India are the top five countries exporting to Iran.

Iran’s oil and gas exports have decreased 34.85%, but its petrochemical has grown by 18.81%.

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