Iran sets recordbeaking non-oil trade milestone

The Iranian Ministry of Industry, Mine, and Trade announced that, according to customs statistics, Iran's non-oil trade reached over $117 billion in the first eleven months of the current Iranian year (March 20 to February 18), marking the highest level of non-oil exports in the past two years.

Seyed Rouhollah Latifi, the spokesperson for the Trade Development Commission of ministry added that the share of exports in this figure exceeded $53 billion.

He noted that this amount is $8.5 billion more than the same period last year and $4.5 billion more than the eleven-month period two years ago, which recorded the highest exports at that time.

He expressed that it is predicted that non-oil exports for the current Iranian year (1403) will reach around $58 billion.

The significant increase in Iran’s non-oil exports has occurred while the country is under severe US-led sanctions.

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