Iran’s 7-month non-oil export exceeds $28b

October 29, 2023 - 15:57

TEHRAN- Iran exported 79.5 million tons of non-oil commodities worth $28.3 billion during the first seven months of the current Iranian calendar year (March 21-October 22), the head of the Islamic Republic of Iran Customs Administration (IRICA) announced.

Mohammad Rezvani-Far said that the 7-month non-oil export indicates 29.32 percent rise in weight, and less than one percent drop in value, year on year.

The official further announced that 20.9 million tons of non-oil goods worth $36 billion were imported to the country during the seven-month period of this year, with 6.21 percent growth in weight, and 12.61 percent rise in value, as compared to the same period of time in the previous year.

Rezvani-Far, who is also the deputy minister of finance and economic affairs, went on to say that the country’s seven-month non-oil trade stands at 100.4 million tons worth $64.4 billion, with 23.71 percent rise in weight, and 6.2 percent increase in value, year on year.

He named liquefied natural gas, liquefied propane and liquefied butane as the main exported goods, and China, Iraq, the United Arab Emirates (UAE), Turkey and India as the main destinations of Iran's non-oil exports during the first seven months of the present year.

The IRICA head also mentioned corn as livestock food, mobile phones and soybeans as the main imported goods and the United Arab Emirates, China, Turkey, Germany and India as the main sources of non-oil imports of Iran in the said seven months.

During this period, the average customs value of each ton of exported goods went from $466 to $357, which shows a decrease of 23.43 percent, according to Rezvani-Far.

It should be mentioned that due to the decrease in global prices of some export goods, including petrochemical products, the country's non-oil export has faced a decrease in value despite the increase in weight.

The official also said that the average customs value of each ton of imported goods was $1,721, which has grown by 6.03 percent compared to $1,624 in the first seven months of the last year.

As previously announced by the spokesman of Trade Development Committee of the Iranian House of Industry, Mining, and Trade, the value of Iran’s non-oil export rose 10 percent in the past Iranian calendar year 1401 (ended on March 20).

Ruhollah Latifi said that 122.056 million tons of non-oil commodities worth $53.166 billion were exported in the previous year.

China with the purchase of $14.584 billion of commodities (no change), Iraq with $10.238 billion (15 percent growth), Turkey with $7.459 billion (23 percent growth), the United Arab Emirates with $5.767 billion (28 percent growth), and India with $2.146 billion (18 percent growth) were the first five export destinations of Iranian goods in 1401, the official stated.

Latifi further announced that 37.18 million tons of non-oil commodities valued at $59.655 billion were imported to the country during the past year, with a 10 percent drop in weight, and a 13 percent rise in worth, year on year.

The UAE with sales of $18.395 billion (11 percent growth), China with $15.744 billion (24 percent growth), Turkey with $6.99 billion (15 percent growth), India with $2.019 billion (80 percent growth), and Germany with $2.019 billion (five percent growth), were the first five countries supplying goods to Iran in 1401, he stated.

The official went on to say that the country's non-oil trade reached 159.236 million tons worth $112.821 billion in the previous year, with an 11.2 percent growth year on year.

MA

Leave a Comment