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Iran’s Foreign Trade Surpasses $78bln in 10 Months despite Sanctions

di Redazione

Iran’s foreign trade exceeded $78bln during the first ten months of the current Iranian year (March 20, 2012-January 20, 2013) despite the sanctions and restrictions imposed by the West on Iran’s economy.

Iran exported $34.383 worth of non-oil goods, and imported $43.768bln worth of products in the said period.

Propane, urea and methanol were Iran’s main export commodities, and Iraq, China, the United Arab Emirates (UAE), Afghanistan and India were the main importers of Iranian non-oil goods.

Meantime, Iron and steel ingots, wheat, corn fodder, rice and soybean meal were the main commodities imported.

Many Iranian officials believe that the West’s ban on Iranian oil supplies will help Iranian economy end its dependence on oil revenues.

Senior Iranian officials underlined Tehran’s intention to further reduce its dependence on oil revenues, and said the country is exporting its non-oil products to over 151 world states now.

Iranian officials have underlined that the country plans to increase its non-oil exports to over $70bln in the current Iranian year.

Late in December 2011, Iranian President Mahmoud Ahmadinejad lauded the country’s growing non-oil exports, and said Iran’s non-oil exports would equal its imports in the current Iranian year.

“God willing, non-oil exports will equal (Iran’s) imports by the end of 1391 (march 19, 2013),” he said, adding, “That would be a great revolution in the country’s economy”.

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