The trade balance of Iran’s economy was published in the last 15 months. In this report, we discuss the value of import and export in Iran’s economy.

According to Tejarat News, investigations show that the value of imports has decreased by 23% in June, while imports had experienced an increase of 80% in May.

EcoIran reported, this decrease in value is estimated at 1.2 billion dollars. One of the reasons for the significant decrease in imports in the month of June can be attributed to the increase in the exchange rate in the past few months.

From an economic point of view, with the increase in currency prices, so-called imports have become more expensive, and it is no longer profitable to buy from abroad. Considering that we have seen an increasing trend in the dollar rate since May and this jump almost reached its peak in June, it caused the amount of imports to be affected and reduced.

Of course, with the increase in the exchange rate, the amount of exports should also increase. But why did domestic goods become cheap for foreigners at this time and they wanted to consume from our country, but this did not happen in June and the value of exports decreased slightly compared to May?

Of course, the decrease in imports in June was much more impressive than the decrease in exports. In other words, the value of non-oil exports decreased by only about 5% in Khordad, which can be considered the reason why exports do not increase when the exchange rate increases in Iran.

In this report, the export and import trends of the country’s economy, as well as the trade balance in the last 15 months, have been examined.