An overview of Iran's economy

  According to the report published by the Customs of the Islamic Republic of Iran, the total foreign trade of the Islamic Republic of Iran in the first eight months of this year reached 110.3 million tons with a value of 63.1 billion dollars, which is 43.5% in terms of weight and 40% in terms of value compared to the same period last year. It shows growth.

  The export of non-oil goods during this period was 83.7 million tons worth 31.1 billion dollars, which has increased by 10.5% in terms of weight and 42% in terms of value compared to the same period last year.

  In the first eight months of this year, 26.5 million tons of goods worth 32 billion dollars were imported into the country, which has grown by 21% in terms of weight and 38% in terms of value compared to the same period of 2019.

  Thus, the trade balance of the first eight months of 1400 was negative and equal to 900 million dollars. It should be noted that the rapid growth rate of customs clearance of imported goods in September this year, which led to a significant increase in the clearance of basic goods, production line machinery and intermediate items, changed the country's trade balance in favor of the import of essential items and caused it to become negative. has been

  The first five destinations of the country's export goods are China with 9.1 billion dollars, Iraq with 6.1 billion dollars, Turkey with 3.8 billion dollars, United Arab Emirates with 2.9 billion dollars and Afghanistan with 1.2 billion dollars. Liquefied natural gas, methanol, polyethylene, semi-finished iron products, iron ingots, propane, urea, gasoline, iron rods and cathodes were among the most important export items of the country in the mentioned period. Also, petrochemical products with 13.3 billion dollars accounted for 43% of the country's total export value during this period.

  The five main countries of origin for importing goods to Iran are the United Arab Emirates with 10.1 billion dollars, China with 7.2 billion dollars, Turkey with 3.2 billion dollars, Germany with 1.2 billion dollars and Switzerland with 1.1 billion dollars. The top 10 imported goods of the country during this period were mobile phones, corn, soybeans, sunflower seed oil, soybean meal, wheat, barley, sugar, palm oil and crude oil.

  In the first eight months of this year, 8.1 million tons of goods were transited from Iran, which shows an 80% growth compared to the same period of the previous year, which is even higher than the transit amount of the entire year 2019 or the entire year 2018. It is a new record for goods passing through Iran.

  Iran's economy has been in a state of uncertainty for several days. In the continuation of the US elections, which ended with Biden's victory and hopeful eyes were fixed on the soft politics of the Democrats, it became clear that the priority of the new American government will not be the JCPOA agreement and return to it, at least in the short term. But we can be optimistic about the JCPOA agreements in the long run. However, even if this happens, it is still not possible to imagine a sharp decrease or increase for the dollar in the current economic conditions of the country in the period of one to two years.

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