Eurasia markets remain main target for Iran’s non-oil exports

Baku, Azerbaijan, Sept. 3

By Umid Niayesh - Trend:

Over $13.463 billion of Iran's total $13.782 billion worth of non-oil exports (excluding condensates) went to Asian and European countries during the 5-month period from March 21 to Aug. 23 (Iran's fiscal year starts on March 21).

The figure accounts for 97.69 percent of the country's total non-oil exports, Iranian Customs Administration's latest monthly report released on Sept. 2 said.

Iran exported some 29.884 million tonnes of non-oil goods, worth $12.803 billion to Asian countries during that period which is 4.18 percent less in terms of volume and 9.38 percent more in terms of value respectively compared the 5-month period of last year.

Meanwhile Iran's exports to Europe a registered 64.66 percent increase in terms of volume and stood at 1.043 million tonnes during the period. The Islamic Republic exported $660 million worth of goods to the European countries in the five months which indicates an increase by 36.04 percent in comparison with the 5-month period of last year.

Iran's exports to Africa and America stood at $289 million and $19 million respectively, 21.47 percent and 51.1 percent less compared to the same period of preceding year (March 21 - Aug. 23, 2013).

The Eurasian countries also shared 96.92 percent of Iran's imports during the first five months of the current Iranian fiscal year.

Tehran imported some 11.05 million tonnes of goods, worth $17.189 billion from Asian countries during that period which is 45.72 and 38.87 percent more in terms of volume and value respectively compared the 5-month period of last year.

The European countries exported over 4.24 million tonnes of goods, worth $4.114 billion to Iran. The Islamic Republic's imports from the Europe registered an increase by 19.23 percent in terms of volume and 6.78 percent in terms of value respectively compared the same period last year.

Iran's imports from American countries witnessed 264.67 percent increase during the period and stood at $507 million.

The country imported over 757,000 tonnes of goods from the American countries, 596 percent more year on year.

Tehran's imports from Oceania (354,000 tonnes) and Africa (23,000 tonnes) also registered increase by 286.98 percent and 494.4 percent respectively in terms of volume during the period in comparison with the 5-month period of preceding year.

The country's imports from Oceania stood at $137 million, while the African countries exported $34 million worth of goods to the Islamic Republic during the period, 87.68 percent and 156.81 percent more respectively year on year.

Iran's total non-oil exports (excluding gas condensates) to foreign countries surpassed $13.782 billion during the 5-month period from March 21, which indicates an increase by 9.34 percent compared to the same months of the preceding year

Tehran also imported about $21.981 billion worth of goods during the period, which indicates a rise by 33.58 percent, compared to the 5-month period of the preceding year (21 March, 2013 to 23 August 2013).

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