Iran Imports over 3.4 Billion Dollars of Gold Ingot in 7 Month

Head of the Islamic Republic of Iran Customs Administration (IRICA) Mohammad Rezvanifar announced that 53.432 tons of standard gold ingot, worth of $3.443 billion, have been imported into the country from March 21 to October 21, 2024.

He added that 9.32 tons of gold ingot, valued at $574 million, were imported into the country in the first seven months of the previous Iranian calendar year (March 21 to October 21, 2023).

The maximum gold ingot was imported into the country through the customs office of Imam Khomeini International Airport (IKIA), followed by Bashmaq and Tabriz customs offices.

Also, figures by IRICA showed the value of the country’s foreign trade reached nearly $100 billion in the seven months to late October.

IRICA’s initial trade figures for October disclosed by its Rezvanifar showed that Iran’s trade with other countries, including its exports of crude oil and technical and engineering services, had reached a total of $99.7 billion in the seven calendar months to October 21.

Rezvanifar said that Iran’s exports in April-October had amounted to $60.2 billion, including $27 billion in crude oil and mazut exports and some $0.7 billion in technical and engineering services exports.

Imports into Iran reached a total of $39.5 billion over the seven months to late October, including $3.4 billion worth of standard gold bullion imports, he said.

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