What Iran’s first non-oil trade surplus means for its economy - Al-Monitor: the Pulse of the Middle East

What Iran’s first non-oil trade surplus means for its economy - Al-Monitor: the Pulse of the Middle East:

"Iran’s non-oil balance of trade turned positive in the past Iranian year, which ended March 19. The $916 million trade surplus is the country’s first since its 1979 Islamic Revolution. On April 4, President Hassan Rouhani hailed it as an achievement that the country secured despite international sanctions as well as low oil prices.

“Last year, non-oil exports exceeded non-oil imports for the first time since the Islamic Revolution. Progress has been achieved through the support and participation of the people as well as their unity,” Rouhani said.

Figures published by Iran’s Customs Administration for the past Iranian calendar year put non-oil exports at $42.4 billion and imports at $41.5 billion. The non-oil trade balance turned positive as exports witnessed declines of 16.1% and imports declined by 22.5%, compared with the same period in the previous Iranian year."



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