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Iran exports $1.1B worth of gas condensates in 2 months

Business Materials 28 May 2016 15:17 (UTC +04:00)

Baku, Azerbaijan, May 28

By Fatih Karimov - Trend:

Iran's trade balance over the first two months of the current Iranian fiscal year (March 20-May 21) stood at $1.1 billion, the Iranian Customs Administration reported May 28.

Iran's non-oil exports (including condensates) surpassed $6.859 billion during the first two months of the current fiscal year, indicating a fall by 14.7 percent compared to the same period of the preceding year.

The exported goods were mainly raw material, as gas condensates(worth $1.09 billion), petroleum gases and gas hydrocarbons($272 million), iron and steel products(($247 million), liquefied propane($237 million) and bitumen($201 million) topped the list of country's exports.

China, the UAE, Iraq, South Korea and India were the top Iranian goods importers during the 2-month period.

The Islamic Republic also imported $5.497 billion worth of goods during the period, 13.5 percent less in comparison with the same months of preceding year.

The most important imported goods by Iran were: livestock corn worth $180 million, soybean worth $133 million, soybean meal worth $129 million, car parts ($116 million) and rice ($104 million).

China, the UAE, Russia, Turkey, South Korea, Germany and India were the leading exporters of goods to Iran.

The average price for each ton of Iran's non-oil goods in the mentioned period was around $379, meanwhile the figure for imported goods was $1206.

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