Official figures present the quantity of Iran’s overseas commerce witnessed a 17-percent hike within the first month of the present Persian calendar yr, with China and the United Arab Emirates (UAE) topping the checklist of the nation’s commerce companions.
Knowledge launched by the Iranian Customs Administration confirmed the worth of non-oil export reached $3.6 billion within the first month of this yr (began on March 21).
In the meantime, the info indicated a 13-percent enhance within the worth of imports, which stood at $3.8 billion, in comparison with the identical interval final yr.
China, Iraq, Turkey, the UAE and India have been the 5 greatest consumers of power from Iran, in accordance with the figures.
When it comes to non-oil commerce, the UAE, China, Turkey, Germany and India have been Iran’s largest companions.
The administration of President Ebrahim Raisi has been pursuing a ‘look-to-the-East’ coverage to enhance the nation’s financial scenario, which has taken a blow from the robust US sanctions.