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Iran’s non-oil exports increase

Business Materials 3 December 2018 17:51 (UTC +04:00)

Baku, Azerbaijan, Dec. 3

By Elnur Baghishov - Trend:

In the first eight months of this Iranian year (started March 21, 2018), Iran’s non-oil exports reached $31.491 billion, according to the Public Relations Department of the Iran Customs Administration (IRICA).

Compared to the same period last year, Iran’s non-oil exports grew 12.96 percent in value.

The volume of Iran’s non-oil exports totaled 75.27 million tons during the period.

In the same period, 21.498 million tons of goods worth $29.549 billion were imported to Iran.

Compared with the same period last year, Iran’s imports decreased 12.58 percent in terms of weight and 14.4 percent in terms of value.

During the period, Iran’s main export items included gas condensate worth $2.776 billion (8.81 percent of all export value), liquid propane worth $1.339 billion (4.25 percent), other light oils and items (except gasoline) worth $1.101 billion (3.5 percent), methanol worth $1.067 billion (3.39 percent), natural gas worth $986 million (3.13 percent).

In the period, 32.93 percent of all export value accounted for petrochemical, 8.81 percent for gas condensate and 58.25 percent for other products.

During the period, the main imported products included corn worth $1.282 billion (4.34 percent of all import value), spare parts for cars worth $1.134 billion (3.84 percent), rice worth $996 million (3.37 percent), soybeans worth $932 million (3.15 percent) and carbon electrode worth $377 million (1.27 percent).

During the period, Iran mainly exported products to Iraq (worth $6.757 billion, 21.46 percent), China ($6.462 billion, 20.52 percent), the UAE ($5.092 billion, 16.17 percent), Afghanistan ($2.244 billion, 7.13 percent) and India ($1.57 billion, 4.99 percent).

In the first eight months of this Iranian year, Iran imported products worth $7.385 billion (24.99 percent) from China, worth $4.454 billion (15.8 percent) from the UAE, worth $1.763 billion (5.97 percent) from South Korea, worth $1.615 billion (5.46 percent) from India and worth $1.604 billion (5.43 percent) from Germany.

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