Iran’s 3-month non-oil trade stands at $26.5b

June 26, 2023 - 14:5

TEHRAN- Iran’s non-oil trade stood at 44.1 million tons worth $26.5 billion during the first three months of the current Iranian calendar year (March 21-June 21), according to the data released by the Islamic Republic of Iran Customs Administration (IRICA).

Based on the IRICA data, the country’s non-oil export reached 35.5 million tons worth $12.5 billion, while the imports were 8.6 million tons valued at $14 billion in the first quarter of the current year, IRIB reported.

During the mentioned period, the exports rose 24.4 percent in weight but dropped 8.84 percent in terms of value, however, the imports increased one percent in weight and 5.79 percent in value, as compared to the same period of time in the previous year.

China, Iraq, Turkey, the United Arab Emirates (UAE), and India were the top five export destinations of Iranian non-oil goods in the mentioned three months, and the UAE, China, Turkey, Germany, and India were the top five sources of import.

According to the IRICA data, corn, soybeans, sunflower seed oil, rice, wheat, and barley were the main items imported to the country.

As previously announced by the spokesman of the 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).

According to Ruhollah Latifi, 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 (UAE) 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.

EF/MA