Iran’s non-oil trade with BRICS grows by 7.4 pct in value

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TEHRAN, July 9, 2018 (BSS/Xinhua) – Iran’s non-oil trade with the BRICS nations declined 8.68 percent in volume but increased 7.4 percent in value during the last Iranian fiscal year compared to the corresponding year before, local media Eghtesad Online reported on Sunday.

Iran’s fiscal year starts from March 21 till March 20 of the following year.

The overall volume of the bilateral trade with BRICS, namely Brazil, Russia, India, China and South Africa, stood at 53.78 million tons, valued 29.06 billion U.S. dollars.

Iran exported 45.3 million tons of non-oil goods with a worth of 12.16 billion dollars to the five nations last year, while it imported 8.48 million tons worth 16.9 billion dollars in that period.

The figures indicate that Iran’s non-oil trade with BRICS nations accounted for 28.7 percent of the country’s overall foreign trade last year.

Moreover, exports to the select group of countries accounted for 25.9 percent of overall exports as 31 percent of overall imports came from the same nations.

China and India were Iran’s main trade partners followed by Russia, Brazil and South Africa.

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