Iran’s foreign trade tops $65 billion despite sanctions

New figures released by Iranian customs officials show that the country’s foreign trade volume has exceeded USD65 billion despite the illegal US-engineered sanctions.

According to the latest report issued by the Islamic Republic of Iran Customs Administration, total volume of Iran’s foreign trade during the first eight months of the current Iranian calendar year (started March 20, 2012), has hit USD65.326 billion.

The report added that, Iran’s non-oil exports amounted to 51.806 million tons, valued at USD27.961 billion. Meanwhile, imports totaled 27.179 million tons, worth USD37.365 billion.

Iraq, China and the United Arab Emirates were the main importers of Iranian goods, respectively accounting for USD4.66 billion, USD3.433 billion and USD3.194 billion of total value of exports.

The Islamic Republic’s non-oil exports mainly include gas condensate, mineral fuels, chemical products, plastics, fruits, nuts, carpets and fertilizers.

The United States, Israel and some of their allies have repeatedly accused Iran of pursuing non-civilian objectives in its nuclear energy program.

Under pressure from Washington, the UN Security Council has imposed four rounds of sanctions against the Islamic Republic. The Security Council’s measure was followed by a series of illegal unilateral embargoes against Iran by the US and the European Union.

Iran refutes the allegations and argues that as a signatory to the Non-Proliferation Treaty and a member of the International Atomic Energy Agency, it is entitled to develop and acquire nuclear technology for peaceful purposes.

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