14% Rise in Iran’s Non-Oil Exports despite US Pressures

The Islamic Republic of Iran Customs Administration (IRICA) has released details of the country’s foreign trade, which show during the first four months of current Iranian year the value of Iran’s non-oil exports has risen by over $30 billion.

The Customs Administration announced that the balance of foreign trade in the country during the first four months of current Iranian year (starting on March 21) experienced a surplus of trade balance of $271 million while non-oil exports also increased by 14.69 percent.

According to the IRICA, Iran’s non-oil exports amounted to $15.5 billion, experiencing an increase of 14.69 percent, compared to the same period last year.

Last year during the same period, $13.471 billion worth of goods had been exported, a report by Fars News Agency said.

Based on this report, export of non-oil goods to China in the first four months of the current year has increased by 7.73%, respectively.

Iran’s non-oil exports to the United Arab Emirates and Iraq increased 31.95 and 23.19 percent respectively, and there was a drop of 40.48% in exports to South Korea.

During this time, non-oil exports to Afghanistan increased by 30.69%, while exports to other countries increased by 21.30%.

The report added that in the first four months of this year, $15.179 billion worth of goods were imported, which shows 4.05 reduction compared to the same period last year.

The main export items of Iran consisted of gas condensates worth $1.864 billion, $691 million worth of liquefied propane, $555 million worth of light oils and oil products except gasoline, $411 million worth of polyethylene film grade, and $407 million worth of methanol.

The main import items were the parts required for the production of cars worth $726 million, $711 million worth of livestock corn, $675 million worth of rice, $492 million worth of soybean, and $228 million worth of mobile phones.

The main buyers of Iranian goods in these four months were China with $3.46 billion, the United Arab Emirates with $2.808 billion, Iraq with $2.522 billion, Afghanistan with $1.108 billion, the Republic of Korea with $821 million, and other countries with $5.145 billion.

Major exporters to Iran during the aforementioned period included China with $3.890 billion, the United Arab Emirates with $2.169 billion, the Republic of Korea with $987 million, India with $912 million, and Germany with $753 million.

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