Iran’s Foreign Trade Hits $60bln in 8 Months

Iran’s foreign trade over the past eight months reached $60.907 billion, indicating an eight percent increase compared to the same period last year, the public relations department of the Customs Office announced.

The total value of the country’s imports and exports in the first eight months of last Iranian year amounted to $56.421 billion.

Over the past eight months, Iran imported $32.419 billion worth of goods, the report said, adding that the figure shows a 17.5 percent increase compared to the same period last year.

The value of Iran’s non-oil exports in the eight months also stood at $28.488 billion, indicating a 1.21 percent increase.

The report comes against the backdrop of Iran’s growing trade interactions with other countries since the coming into force of the 2015 nuclear deal, known as the Joint Comprehensive Plan of Action (JCPOA).

Tehran and the Group 5+1 (Russia, China, the US, Britain, France, and Germany) reached the deal on July 14, 2015 and started implementing it on January 16, 2016.

The comprehensive nuclear agreement terminated all nuclear-related sanctions imposed on Iran.