Iran’s petrochemical exports surpass 9.19 bln

Baku, Azerbaijan, Jan. 25

By Umid Niayesh - Trend:

Iran's petrochemical exports surpassed $9.19 billion during the first ten months of the current solar year (started on March 21,2013), the country's customs administration reported on Jan. 25.

The country's petrochemical exports stood at $8.116 billion during the first nine months of the current solar year, which indicates a 2.3 percent decrease compared to the same period of the preceding year.

The Western countries suspended certain sanctions against Iran as the Geneva nuclear deal entered into force on Jan. 20.

The prohibition on the import, purchase or transport of Iranian petrochemical products and related services was suspended as a result of the nuclear deal implementation.

The exports of Iran's gas condensates stood at $ 8.520 billion for the first ten months of the current Iranian calendar year, according to the country's custom administration's report.

The gas condensate is the best feedstock for producing some expensive petrochemical products including polymers.

Iran exported 7.192 million tons of condensates worth $6.363 billion during the first nine months of the current Iranian year.

The figures indicate an 11.6 and 15.8 percent decline in terms of volume and value respectively compared to the first nine months of last year.

Iran exported $1.104 billion worth of iron ore, $973 million worth of liquid propane during the ten-month period, while the value of exported urea stood at $906 million.

The value of the country's overall non-oil exports during the period accounted for $33.788 billion.

Iran also imported 25.608 million tons of goods worth $37.596 billion during the first ten months of the current solar year.

Rice ($1.930 billion), press cake ($1.442 billion), wheat ($1.012 billion), corn ($1.017 billion), and motor vehicles with internal combustion engine ($917 million) were the main imported items during the period.

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