DUBAI (Reuters) – Iran’s oil exports reached $35.8 billion in the 12 months to end-March 2024, Iran’s head of Customs Mohammad Rezvanifar said on Tuesday according to the Iranian Labour News Agency.
Despite the reimposition of U.S. sanctions on Tehran in 2018, Chinese purchases of Iranian oil have allowed the country to maintain a positive trade balance.
Without oil exports, Iran would have registered a $16.8 billion trade deficit, Rezvanifar said.
He added that total trade registered a 2.6% year-on-year increase, reaching a value of $153 billion, of which $86.8 billion was Iranian exports.
(Reporting by Dubai Newsroom)
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