Iran trades with 121 countries

Jun 16, 2013 12:00 AM

Iran had non-oil trade with 121 countries in the first month of current calendar year, which started March 21.

The country's balance of trade with 64 countries such the United Arab Emirates, South Korea, Switzerland, Netherlands, and India was negative in the mentioned period, the ISNA News Agency reported.

Tehran's balance was also positive with 57 countries, including Iraq, Afghanistan, China, and Egypt.

The average price for Iranian made goods were 296 euros per ton in the mentioned period, while the average price for imported goods stood at 838 euros per ton.

The figures showed 4.71 per cent and 9.64 per cent decrease, respectively.

Iran had non-oil trade with 196 countries in the previous calendar year, which ended March 20.

The country's balance of trade with 97 countries such the United Arab Emirates, South Korea, Switzerland, turkey, and China was negative in the mentioned period, the ISNA News Agency reported.

Tehran's balance was also positive with 99 countries, including Iraq, Afghanistan, India, Turkmenistan, and Pakistan.

The balance of trade, or net exports, is the difference between the monetary value of exports and imports of output in an economy over a certain period. It is the relationship between a nation's imports and exports.

A positive balance is known as a trade surplus if it consists of exporting more than is imported; a negative balance is referred to as a trade deficit or, informally, a trade gap.

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