MojNews-According to new reports, the value of Iran's trade with its neighbors has reached to $55.275 billion in recent 11 months. 

The value of Iran’s non-oil trade with its neighbors increased by 2.5 percent in the first 11 months of the current Iranian calendar year (March 21, 2023-February 19, 2024) to reach $55.275 billion, the head of the Islamic Republic of Iran Customs Administration (IRICA) said.

Mohammad Rezvanifar put the weight of non-oil trade with the neighboring countries at 88.54 million tons in the said period.

During the mentioned 11 months, Iran exported 67.108 million tons of goods worth $25.844 billion to its neighbors, while importing 21.432 million tons of commodities valued at $29.431 billion.

Iran's exports to neighboring countries in the first 11 months of this year compared to the same period last year decreased by three percent in terms of weight and nine percent in terms of value, respectively; and imports from neighboring countries increased by 11 percent and 15 percent respectively in terms of weight and value, according to Rezvanifar.

He named Iraq, the United Arab Emirates (UAE), Turkey, Pakistan, and Afghanistan as the top importers of Iranian goods among the neighboring countries, and the UAE, Turkey, Russia, Oman, and Pakistan as the main sources of imports in the said 11 months.

As previously announced by Rezvanifar, Iran exported 113 million tons of non-oil goods valued at $40.5 billion during the first 10 months of the current Iranian calendar year.

The official said that the 10-month non-oil export indicates a nine percent growth in weight, but an 11 percent fall in value, year on year.

He further announced that Iran imported 32.7 million tons of goods worth $54.8 billion in the first 10 months of the present year, which indicates an 11.6 percent rise in value and six percent growth in weight.

According to the official, China, Iraq, UAE, Turkey, and India were the major export destinations of Iranian goods in the said period, and the UAE, China, Turkey, Germany, and India were the main sources of import.

Gold, car parts and accessories, and smartphones were the main imported items during this period, he said.

In the first 10 months of this year, 14.2 million tons of goods were also transited through Iran, which was 29 percent more compared to the same period last year, Rezvanifar said.