Iran has posted its second trade surplus in 37 years, according to a March 30 Islamic Republic News Agency (IRNA) report citing customs data.
The news could boost moderate President Hassan Rouhani who will seek re-election on May 19.
Non-oil exports for the past Iranian calendar year (which ended last week) exceeded imports by $246mn, the article added.
The customs statistics reportedly showed non-oil exports reaching $43.9bn, a 3.5% increase y/y. Imports hit $43.6bn, marking a 5.2% improvement y/y.
International sanctions imposed on Iran were removed in January 2016 following the nuclear deal agreed with major powers, enabling the Islamic Republic to ramp up trade.
Import flows have, meanwhile, been restrained by the weak rial and by the fact that Iran learned how to make many products for itself during the years of sanctions.
Related Articles
Iran's interbank interest rate holds steady at 24% for third consecutive week
Iran's interbank market interest rate remained unchanged at 24% for the week ending October 14, marking the third consecutive week of complete stability in the country's money market, the Central ... more
Iran's interbank rate holds steady at 24% for third consecutive week
Iran's interbank market rate remained unchanged at 24% on October 9, holding at the policy level for the third consecutive week as the Central Bank maintains liquidity control measures, Tahlil Bazar ... more
Iranian businessman claims Crescent seized $2.3bn from National Iranian Oil Company
Controversial Iranian billionaire Babak Zanjani has claimed that Crescent Petroleum not only seized Iran's Oil ... more