Non-oil export increases 6.2% in Q2

October 7, 2024 - 14:50

TEHRAN - The value of Iran’s non-oil exports reached $12.3 billion in the second quarter of the current Iranian calendar year (June 22-September 22), registering a 6.2 percent increase compared to the same period last year.

According to the spokesman of the International Relations and Trade Development Committee of Iran's House of Industry, Mining and Trade Ruhollah Latifi, the country’s total non-oil trade stood at $30.6 billion in Q2 which was also 9.2 percent more than the figure for last year’s same period.

The Islamic Republic also imported $18.3 billion of non-oil commodities in the summer, registering an 11.6-percent increase compared to the same three months last year.

The country’s trade balance was negative $6.0 billion in the three months mentioned, according to Latifi.

Iran had exported $13.5 billion of non-oil goods in the first three months of the current Iranian calendar (started March 20), according to the head of the Islamic Republic of Iran Customs Administration (IRICA).

The country’s export of non-oil commodities registered a 7.6 percent growth in Q1 compared to last year’s corresponding period, Mohammad Rezvanifar said.

In that period, Iran imported $14.3 billion worth of non-oil products into the country, indicating about 1.3 percent growth compared to the last year’s corresponding period.

As announced by the IRICA head, the value of Iran’s foreign trade including oil and technical engineering services reached $153.17.8 billion in the last Iranian calendar year.

According to Rezvanifar, the value of the Islamic Republic’s trade with the partners in the previous year increased by 2.6 percent compared to the same period last year.

The official put the country’s non-oil exports, excluding exports of electricity, crude oil, and techno-engineering services, at 136.4 million tons worth $49.33 billion which shows a 9.82 percent rise in terms of tonnage and an 8.87 percent decline in terms of value.

Iran exported $35.87 billion of crude oil, $370 million of electricity, and $1.293 billion of technical engineering services in the mentioned year.

Based on IRICA data, during this period, 48.8 million tons of petrochemical products worth $19.4 billion were also exported, which shows a decrease of 11.32 percent and 28.59 percent in terms of weight and value, respectively.

During this period, liquefied natural gas with $3.9 billion, liquefied propane with $3.62 billion, and bitumen-oil with $2.19 billion were Iran’s top exported items.

EF/MA