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Home » Economics » Non-oil exports grow 4.4% in 8-month-on-year – Tehran Times

Non-oil exports grow 4.4% in 8-month-on-year – Tehran Times

27/11/2022 20:18:15
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TEHRAN – The value of Iran’s non-oil exports increased by 4.44% in the first eight months of the current Iranian calendar year (March 21-November 21), compared to the same period of the last year, said the spokesman of the Islamic said Customs Administration of the Republic of Iran (IRICA).

According to Morteza Emadi, Iran exported 70.402 million tons of goods worth $32.368 billion in the mentioned eight months, registering a drop in weight of 16 percent, IRIB reported.

Liquefied propane, methanol, liquefied butane, polyethylene, bitumen, urea, liquefied natural gas, iron and steel ingots and light oils were the main products exported during the said period.

The main export destinations for Iranian non-oil products were China, Iraq, United Arab Emirates (UAE), Turkey and India, according to the official.

The Islamic Republic also imported 23.405 million tons of non-oil commodities worth $37.116 billion in the first eight months of the current year, with a growth of 15.25% in value and a decrease of 12.44% in weight, year on year.

The top five items of goods imported into the country during the said period include corn, rice, wheat, soybeans, sunflower oil, mobile phones, flour and unrefined sugar, according to Emadi.

The UAE was the top exporter to Iran in the mentioned eight months, followed by China, Turkey, India and Germany.

According to reports, the value of Iran’s non-oil trade increased by 10% during the mentioned period, compared to the same eight months of last year.

Iran traded 93.807 million tons of non-oil products worth $69.484 billion with other countries during the mentioned period.

As previously announced by the head of IRICA, the value of Iran’s non-oil trade has increased by 38% in the last Iranian calendar year 1400 (ending March 20), compared to the previous year.

Alireza Moqadasi estimated the country’s non-oil trade at 162 million tonnes worth $100 billion last year.

He said Iran had exported 122 million tons of non-oil products worth $48 billion in the previous year, up $14 billion (41%) from the previous year’s figure. .

The country’s non-oil trade record in 1400 was reached when 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 has been reached in the past. unprecedented year in recent decades, the official stressed.

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