Azernews.Az

The trade balance of Iran in the first five months of 2014 stood at -$10.435 billion.

Based on the latest report released by Iran Customs Administration, the country exported $35.170 million tons of goods worth $13.692 billion in the mentioned period, while importing 17.745 million tons of goods worth $24.127 billion.

Iran's trade balance with 79 countries was positive. Iraq with $2.486 billion, Afghanistan with $930 million, Turkmenistan with $284 million, Egypt with $273 million, and Pakistan with 227 million were the top countries in this category.

Tehran's trade balance with 89 countries was also negative in the first five months of current year.

The United Arab Emirates with -4.75 billion dollars, South Korea with -1.5 billion dollars, India with -1.25 billion dollars, China with -1.21 billion dollars, and Germany with 932 million were the main countries on the list.

According to Iran Customs Administration, the country's total non-oil exports to foreign countries (excluding gas condensates) stood at $31.332 billion in previous year (which ended on March 20), while the country's total imports amounted to $50.818 billion.

The figures mark annual trade balance of -19.486 billion dollars for Iran.

Iran's annual trade turnover is projected to reach $160 billion by the end of the fifth five-year development plan (March 2016).