News ID: 118371
Published: 0739 GMT May 19, 2015

Positive trade balance running on

Positive trade balance running on

Iran's positive balance of trade continues to increase, said the head of Iran Customs Administration on Tuesday.

Speaking at a ceremony to unveil Iran's Customs Comprehensive System, Masoud Karbasian added since March 21, 2015, Iran has exported goods worth $7.7 billion while its imports were valued at $5.5 billion, indicating a decline of 7 percent and a 25 percent, respectively, IRNA reported.

Ass stipulated in the budget bill for the year to mid-March 2016, both exports and imports are expected to reach $50 billion, he pointed out.

Karbasian added the decline in the value of exports pertains to the drop in the price of gas condensates which is contingent on oil prices.

He listed gas condensates, petrochemicals, industrial products, traditional goods and carpets as among the main export items. "Imports included essential items and automobile."

In this period, he added 2.67 million tons of goods were transited through the country.

He said the Customs Comprehensive System will facilitate electronic payment, make customs affairs more transparent, reduce the laytime and increase customs earnings.

"Currently, some 95 percent of the customs operations are conducted through the system."

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