Iran foreign trade tops $73 billion despite sanctions

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.

Source: Press TV

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