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Iran Cuts Trade Deficit USD6B Despite War, Sanctions

(MENAFN) Iran dramatically reduced its trade imbalance by 6 billion U.S. dollars during the initial ten months of the current Iranian fiscal year, defying economic headwinds from military conflict and international pressure.

Iranian media disclosed Sunday that Iran's trade deficit contracted to 4 billion dollars for the March 21, 2025 to January 20, 2026 period—a striking improvement from the 10-billion-dollar shortfall recorded in the comparable timeframe one year prior.

The deficit reduction occurred against a backdrop of extraordinary challenges, including a 12-day armed confrontation with Israel, reinstated UN sanctions, and escalated unilateral embargo measures targeting the Islamic Republic.

Iran's Customs Administration data, cited by media, revealed non-oil export volumes climbed 1.33 percent to 130.03 million tonnes, though monetary value declined 6.3 percent to 45.01 billion dollars from the previous year's 48.04 billion dollars across 128.19 million tonnes.

Import dynamics showed mixed results, with tonnage advancing 4.6 percent to 33.17 million tonnes while total expenditure plummeted 15.55 percent to 49.1 billion dollars—indicating Tehran secured goods at substantially lower costs despite increased physical volumes.

The trade performance underscores Iran's economic resilience amid compounding geopolitical and sanctions-related obstacles.

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