Non-oil exports increase 13% in H1 yr/yr

September 28, 2022 - 15:2

TEHRAN – The value of Iran’s non-oil export rose 13.3 percent during the first half of the current Iranian calendar year (March 21-September 22) as compared to the same period of time in the past year, data released by the Islamic Republic of Iran Customs Administration (IRICA) showed.

Based on an IRICA report, the country’s six-month non-oil exports stood at 51.783 million tons valued at $24.251 billion, with a 12.5-percent decline in weight.

Liquefied propane, methanol, liquefied butane, liquefied natural gas and film-grade polyethylene were the main exported products in the said time span, accounting for 25.6 percent of the total value of the exports.

Major export destinations of the Iranian non-oil goods were China with $7.842 billion of imports, Iraq with $3.382 billion, the United Arab Emirates (UAE) with $3.112 billion, Turkey with $2.626 billion, and India with $904 million.

According to IRICA data, the Islamic Republic has also imported 16.32 million tons of non-oil commodities worth $26.31 billion in the first six months of the present year, with a 13.15-percent growth in value and a 14.72-percent decrease in weight, year on year.

The first five items of goods imported into the country in the first half of this year include rice, wheat, maize, soybeans, and mobile phones. The mentioned items accounted for 20.63 percent of the total import value during this period.

The United Arab Emirates with $7.206 billion was the top exporter to Iran in the said period, followed by China with $6.846 billion, Turkey with $2.680 billion, India with $1.380 billion, and Russia with $876 million worth of exports.

Reportedly, the value of Iran’s non-oil trade rose 13.2 percent during the first six months of the present year, as compared to the same period of time in the past year.

Iran traded 68.103 million tons of non-oil products worth $50.282 billion with other countries in the mentioned period.

As previously announced by the IRICA head, the value of Iran’s non-oil trade rose 38 percent in the past Iranian calendar year 1400 (ended on March 20), as compared to its previous year.

Alireza Moqadasi put the country’s non-oil trade at 162 million tons worth $100 billion in the past year.

He said that Iran exported 122 million tons of non-oil products worth $48 billion in the previous year, which was $14 billion (41 percent) more than the figure for the preceding year.

The country's non-oil trade record in 1400 was reached while the toughest sanctions were imposed on Iran, but thanks to God and the efforts of entrepreneurs, producers, and the cooperation of foreign trade-related organizations, a historical record was achieved in the past year which was unprecedented in recent decades, the official has underlined.

EF/MA