BAKU, Azerbaijan, February 29. Iran’s non-oil exports amounted to nearly 125 million tons, valued at $44.9 billion, in the first 11 months of the current Iranian year (March 21, 2023 through February 19, 2024), said Mohammad Rezvanifar, director general of the Islamic Republic of Iran Customs Administration (IRICA), Trend reports.
This is an increase of 11.4 percent in volume and a decrease of 8.87 percent in value compared to the same period last year, Rezvanifar stated.
The official added that that China, Iraq, the UAE, Türkiye, and India were the top five destinations for Iran’s non-oil exports in 11 months, with values of $12.7 billion, $8.6 billion, $5.9 billion, $3.8 billion, and $2 billion, respectively.
He also noted that the mentioned five countries accounted for 73 percent of Iran’s total non-exports for the reporting period in value and 75 percent in volume.
Rezvanifar notes that Iran’s primary exports include liquefied natural gas, valued at $3 billion, liquid propane at $2.8 billion, and methanol with a worth of $2 billion.
The director general also pointed out that the value of Iran's total trade turnover stood at $139 billion in 11 months, representing a 2.7 percent increase from the same period last year.
Iran’s non-oil exports exclude only 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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