Iran not been able to increase real non-oil export

Baku, Azerbaijan, Dec. 10

By Dalga Khatinoglu:

Amid falling oil prices by 41 percent during last months, Iranian President says the country's non-oil export is expected to reach $50 billion, 17 percent more than the previous year.

Rouhani told during the cabinet meeting on Dec.10 that the next fiscal years' budget will less depend on oil revenues, IRNA reported.

According to the latest Custom Administration report, published last week, Iran's non-oil exports stood at $31.447 billion from March 21 to Nov.23, a period that corresponds to the eight months of Iran's current fiscal year.

During this period, the country's non-oil exports increased by 19.72 percent, with comparing the same period last year, however, the share of condensate and semi-raw petroleum products in total non-oil export is huge.

Iran includes the gas condensate, a raw ultra-light crude oil, as well as propane, butane, tar and other semi-raw materials in non-oil exports basket. By excluding the petrochemical products, as well as condensate, other non-oil exports' growth is about 3.92 percent, amounted $13.757 billion.

Iran exported $8.729 billion worth of condensate during last eight months, indicates 53.5 percent growth compared to the same period in last year.

Below is a table, comparing Iran's oil products and petrochemical export value during last eight months based on Iran Custom Administration's monthly reports:


Exported volume and value

Y/Y growth


1.463 million metric tons, $1.375 billion



996,000 metric tons, $924 million



1.649 million metric tons, $827 million



575,000 metric tons, $925 million


Total petrochemical products

11.339 million metric tons, $8.961 billion


A senior expert at Iran's Center for Strategic Research within Expediency Discernment Council of the System Jamshid Pajouyan told Trend Dec.10 that Iran hasn't been able to improve the real non-oil export value yet.

Falling OPEC oil basket price from $107.89 in mid-June to $62.33 on Dec.9 was unexpected for Iran, which had set its yearly budget based on $100/barrel prices. While, according to its budget law, Iran should have exported 1.3 million barrels per day of crude oil (including the natural gas condensate), the statistics released by Reuters on Nov.29 reported that Iran's oil exports to Asia stood at 1.11 million barrels per day during the ten months of 2014.

Iran also has about 0.1 mbpd of oil export to Turkey, but the Iranian Oil Ministry has confirmed that targeted 1.3 mbmpd oil export hasn't been realized.

Iran's Government Spokesman Mohammad Baqer Nobakht said Dec.9 that people should remember that the government has to manage the economy based on $24 billion oil export revenues. Iran's yearly petroleum export revenues were about $120 in 2011.

Now, Iranian government is to compensate the fall of oil revenues with non-oil exports partly.

Pajouyan, who was the head of Iran's state Competition Committee under the Ministry of Economy and Finance until November 2013 says that exporting raw materials for energy-rich Iran has been the economy's ailment, while the country exports a huge amount of raw mineral exports, such as raw aluminum, iron ore, etc as well.

Iran's top exported goods during last year:






Iron ore

14 million metric tons

$851 million



2.267 million metric tons

$813 million



1.803 million metric tons

$784 million



0.8 million metric tons

$721 million



1.44 million metric tons

$716 million



8.872 million metric tons

$662 million



0.73 million metric tons

$651 million



0.428 million metric tons

$570 million



0.497 million metric tons

$464 million



49,000 tons

$401 million

Dalga Khatinoglu is an expert on Iran's energy sector, head of Trend Agency's Iran news service
Follow him on @dalgakhatinoglu

Turkmen Ministry of Construction extends tender for design of buildings
Turkmen Ministry of Construction extends tender for design of buildings
Turkmengas opens tender for purchase of chemicals
Turkmengas opens tender for purchase of chemicals
Statistics on trade turnover between Spain, Turkmenistan revealed
Statistics on trade turnover between Spain, Turkmenistan revealed
Loading Bars
Kazakhstan's president decides to provide humanitarian aid to Kyrgyzstan
Real estate purchases soar in Kazakhstan
Saudi Arabia eyes importing finished meat products from Uzbekistan
Azerbaijan's non-oil exports show positive trend despite impact of COVID-19 - minister
Kazakh Kazgeology eyes working on promising areas of natural resources
Main part of Iran's trade carried out by sea - analyst
Israel and Korea to sign free trade agreement next week
EU continues to support Georgia SMEs
Azerbaijan launches system for predicting impact of tax benefits on state revenues
Azerbaijan's AzFina, CBA developing bill on regulation of payment systems
Georgia's minister claims inflation in country to decrease in coming months
Kazakhstan reports increase in oil, natural gas prices
Azerbaijan may change procedure for navigation on inland waters for fishing vessels
Azerbaijan shares data on number of vaccinated citizens for May 6
Construction of Ahmadbayli-Fuzuli-Shusha highway in Azerbaijan continues (VIDEO)
Azerbaijan confirms 844 more COVID-19 cases, 2,057 recoveries
Uzbek-Korean JV to buy power cables via tender
Kazakh-Georgian Economic Union to focus on int'l trade and dev't of transport services - Honorary Consul
First section of Georgian Rikoti Highway to open soon
Kazakh IT company involved in creation of "smart" settlements in Azerbaijan
Japanese TEPSCO to join creating green energy zone in Azerbaijan's liberated territories
Azerbaijan's Mine Action Agency eyes to purchase new mine clearance equipment
Georgia to host annual meeting of ADB board of governors
Uzbek-Korean JV opens tender for construction of security facility for gas treatment
Turkmen Ministry of Construction extends tender for design of buildings
Spain tourist arrivals slump 76% in March, recovery still far off
Azerbaijan's construction sector output to grow till 2026 - expert
Trade ministry discloses volume of cereals imported by Austria from Turkey
Share of mining sector in Baku's industrial production disclosed
Amazing opportunities created for athletes in Baku’s National Gymnastics Arena - Ukrainian Gymnastics Federation
Turkmengas opens tender for purchase of chemicals
Kazakhstan's National Bank unveils preliminary balance of payments data
Statistics on trade turnover between Spain, Turkmenistan revealed
Uzbekistan receives permission to export pomegranates to China
Moderna raises 2021 sales forecast for COVID-19 vaccine to $19.2 billion
Not calling released soldiers as "POWs" by OSCE Minsk Group - outrageous - Armenian media
Tesla developing platform to allow car owners in China data access
Bahar Azadi gold coin price rebounds in Iran
Over 10 mln COVID-19 vaccine doses administered in Saudi Arabia
Russia reports over 7,600 COVID-19 cases in the past day
Revanchist statements in Armenia mustn't be taken seriously - Azerbaijani Security Council
Precious metal prices in Azerbaijan fluctuate
No reason to worry about fulfillment of trilateral statement - Azerbaijan's Security Council
Nominations for gas flows at TAP’s interconnections
Azerbaijan to build road to legendary "Isa Spring" in Shusha city
EU countries agree to open up to Israeli tourists
Turkmenistan names data on deposits in credit institutions
Iran unveils volume of transit through Gilan Province
Largest share of Uzbek textile production falls on Fergana region
Turkey boosts export of cars to Kazakhstan
Turkey publishes data on 4M2021 steel exports
Iran's Amir-Kabir Petrochemical Company beats sets new production record
Turkey's 4M2021 exports of locally-made furniture up in value
Turkey reveals 4M2021 data on export of grains, legumes to Azerbaijan
Exports through Iran's Astara border checkpoint increase
Uzbekistan to launch several TPPs in 2021
Uzbek agency reveals data on most profitable companies
ADB approves loan for construction of Georgia’s Olympic swimming pool
Georgia in talks with Johnson & Johnson and Novavax to receive vaccines
Georgian ISET-PI shares pricing on residential real estate in Tbilisi
Georgian Pension Agency shares data on pension fund's assets
Uzbekistan reveals number of vaccinated people
Kazakh uranium extracting company opens tender to buy spares
Kazakhstan decreases trade with Canada amid COVID-19
China increases import of Turkish-made cars
Turkey reveals 1Q2021 data on cargo movement via local ports from Belgium
Kaspersky Lab shares data on Azerbaijani users facing cyber attacks in 2020
Several facilities in education sector put into operation in Iran
Gold production at Iran's Zarshouran mine increases
Azerbaijan to completely clear "Victory Road" to Shusha city of mines soon
Azerbaijan shares details on mine clearance in liberated territories
South Korea to contribute to developing Azerbaijan's innovation ecosystem
Iran reveals COVID-19 data for May 6
Turkey sees increase in 4M2021 cement exports
Iran releases data of exports from Arvand Free Trade Zone
Azerbaijan shows footage from Garapirimli village of Aghdam district (PHOTO/VIDEO)
Azerbaijan announces commissioning date for 'Victory Road' to liberated Shusha (PHOTO/VIDEO)
1Q2021 value of Turkish export of cars to Iran rises
Azerbaijan to continue importing COVID-19 vaccines - Health Ministry
Situation in Karabakh significantly normalized - Russian FM
People aged 30-59 suffer most from COVID-19 in Azerbaijan
Azerbaijan Health Ministry talks strengthening quarantine on holidays
Number of empty beds in Azerbaijani hospitals growing - Health Ministry
Kazakhstan boosts exports to US amid COVID-19
Azerbaijan notes positive trend in data on people recovering from COVID-19
COVID-19 vaccines used in Azerbaijan are safe, effective - Ministry of Health
Azerbaijan to start new stage of vaccination against COVID-19 - Deputy Minister
Saudi Arabia real estate market showing signs of COVID-19 recovery
Azerbaijani citizens of over 18 can start getting vaccine against COVID-19 from May 10
Wix acquires Israeli online gift card co
Iran discloses details of exports from free trade, special economic zones
EU willing to discuss COVID-19 vaccine patent waiver - EU's von der Leyen
Several more strains of coronavirus detected in Iran
Turkey's 4M2021 export of grains, legumes to Germany grows in value
Head of OSCE Center in Turkmenistan completes diplomatic mission
Georgia receives second batch of AstraZeneca COVID-19 vaccine
Kazakhstan to launch oil accounting system
"Heroic Effort": US Defense Secretary On Covid Assistance To India
India’s Reliance gets US$ 13mn immunoglobin contract
Volume of wheat purchased in Iran's Khuzestan Province announced
All news