Iran posts over $2.5bn trade deficit for Apr-Nov

Tehran - BORNA - Figures published on Sunday showed that Iran’s total trade with the rest of the world in the eight months to November 21 had reached 131.054 million metric tons (mt) worth $76.537 billion, up 1.53% in volume but down 9.38% in value compared to the same period in 2024.

Iran’s non-oil exports amounted to $36.997 billion for 105.231 million mt of shipments in April–November, a decline of 3.48% in value but an increase of 1.17% in volume year-on-year.

Imports totaled $39.54 billion in the eight months to late November, with shipment volume down 14.29% from the same period last year, IRICA data showed.

However, import volume increased by 3% year-on-year in April–November, reaching 25.823 million mt. 

Iran has maintained a relatively strong level of trade over the past years despite facing a strict regime of US sanctions that limit its access to global shipping and banking services.

The country also came under a renewed regime of United Nations sanctions in September over disputes related to its nuclear program.

Experts say both US and UN sanctions have had a limited impact on Iran’s ability to conduct trade and may have even contributed to growth in some export sectors.

According to a Sunday report by IRIB News, Iran’s trade with its 15 neighboring countries, those with which it shares land or maritime borders, reached $44 billion in the eight months to late November.

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