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Iran boosts non-oil exports from Bilasuvar terminal

Business Materials 18 October 2023 11:16 (UTC +04:00)
Iran boosts non-oil exports from Bilasuvar terminal
Elnur Baghishov
Elnur Baghishov
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BAKU, Azerbaijan, October 18. Iran’s non-oil exports from the Bilasuvar border terminal in the Ardabil Province, located in the northwest of the country, rose by 12.6 percent in the first six months of the current Iranian year (March 21 through September 22, 2023), compared with the same period last year, head of Bilasuvar border terminal Lotfollah Babaei said, Trend reports.

Babaei said that the terminal exported 250,000 tons of non-oil products in the first half of the year, while the figure was 222,000 tons in the same period last year.

The main products exported from Bilasuvar border terminal were agricultural and food products, construction materials, and other goods, he added.

The official also pointed out that most of the exports from Bilasuvar went to Azerbaijan, Russia, and Georgia.

Overall, Iran exported 67.7 million tons of non-oil products worth over $24.1 billion in the first half of the current Iranian year (March 21 through August 22, 2023). This is an increase of 2.62 percent in value and a decrease of 29 percent in volume compared to the same period last year.

Iran’s non-oil exports do not include crude oil, mazut, and white oil, which are subject to US sanctions that prevent Iran from exporting them freely. Therefore, Iran has been focusing on increasing its non-oil exports to cope with the economic pressure.

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