Iran’s non-oil exports increases by 5 percent in 1H

Business Materials 13 August 2014 14:00 (UTC +04:00)

Baku, Azerbaijan, Aug. 13

By Umid Niayesh - Trend:

Iran's non-oil exports (excluding condensates) surpassed $16.425 billion during the first half of 2014, indicating an increase by 5.3 percent compared to the same period of the preceding year.

Iran exported some 41.1 million tonnes of non-oil goods during that period which is 7.77 percent more compared with the first six months of 2013, according to the Iranian Customs Administration's latest report released on Aug. 13.

Liquefied propane worth $991 million, iron ore worth $794 million, liquefied butane worth $701 million topped the list of Iran's exported non-oil goods.

The average price for each one tonne of Iran's non-oil goods in the mentioned period was around $400, which is 2.29 percent less than the previous year.

China was the main target of Iran's exported goods in the first half of 2014. Over 18.25 million tonnes of Iran's exported non-oil goods worth $4.49 billion went to China during the period, 13.15 percent and 36.87 percent more in terms of volume and value respectively compared to same period of preceding year.

Iraq, the UAE, Afghanistan and Turkey were other top importers of Iranian goods during the mentioned period. The countries imported $2.911 billion, $1.852 billion, $1.94 billion and $977 million worth of Iranian goods, respectively.

Turkey's imports from Iran indicates an increase by 14.24 percent, meanwhile Iran's exports to Iraq and Afghanistan has fallen by 5.84 percent and 21.05 percent respectively.

Iran's exports to the UAE also witnessed an increase by 6.94 percent during the period in comparison with first half of 2013.

Iran's non-oil goods trade balance (excluding gas condensates), faced a $12.472 billion deficit in the first half of 2014, compared to $6.26 billion in the same period of 2013.

Iran's trade balance with 85 countries was positive, while with 91 countries it was negative.

Iran had the highest positive trade balance with Iraq($2.886 billion), Afghanistan($1.085 billion), Turkmenistan($357 million), Egypt($294 million), and Pakistan($276 million), while it registered the highest negative trade balance with the United Arab Emirates($5.506 billion), South Korea($1.986 billion), China($1.682 billion), India($1.447 billion), and Germany($1.17 billion).