TEHRAN: Non-oil exports from Iran stood at around $47 billion in the last Iranian year (ended March 20) while imports hovered around $54 billion, showing a $7 billion trade deficit for the country, the head of Trade Promotion Organization said.
Noting that non-oil exports saw a 6.5% rise while industrial and mining exports registered a 26% rise last year, Mojtaba Khosrotaj added that imports of raw materials and intermediate goods accounted for 57% of total imports while capital goods and machinery constituted 15% of the sum.
“Less than 18% of imports constituted consumer goods and around 10% of imports were items classified as ‘others’,” Khosrotaj was quoted as saying by Mehr News Agency.
Statistics provided by the Islamic Republic of Iran Customs Administration show that overall revenues from import tariffs and duties stood at 240 trillion rials ($4.8 billion) last year while the average tariff rate imposed last year was about 12.3%, suggesting a 0.5% increase compared to the year before.
