Iran’s non-oil exports increase by 8.4%


Baku, Azerbaijan, Oct. 3

By Umid Niayesh - Trend:

Iran's non-oil exports (excluding condensates) surpassed $22.032 billion during the first eight months of 2014, indicating an increase by 8.42 percent compared to the same period of the preceding year.

Iran exported some 53.191 million metric tons of non-oil goods during that period which is 5.38 percent more compared with the first eight months of 2013, according to the Iranian Customs Administration's latest report.

Liquefied propane worth $ 1.346 billion, liquefied butane worth $980 million and iron ore worth $946 million, topped the list of Iran's exported non-oil goods.

Liquefied propane exports registered a 193.67 percent increase compared to the first eight months of 2013 in terms of value, meanwhile exports of liquefied butane and iron ore witnessed increase by 116.59 percent and 65.24 percent respectively.

Iran's overall exports excluding the three mentioned goods fell by 0.41 percent in terms of value and a 9.54 percent decrease in terms of volume compared to the 8-month period of 2013.

The average price for each one metric ton of Iran's non-oil goods in the mentioned period was around $414, which is 2.89 percent more than the previous year.

China was the main target of Iran's exported goods in the first eight months of 2014. Over 22.754 million metric tons of Iran's exported non-oil goods, worth $6.13 billion went to China during the period, 7.44 percent and 39.6 percent more in terms of volume and value respectively compared to same period of the preceding year.

Iraq, the UAE, Afghanistan and India were other top importers of Iranian goods during the mentioned period. The countries imported $3.694 billion, $2.503 billion, $1.525 billion and $1.386 billion worth of Iranian goods, respectively.

The UAE's imports from Iran indicates an increase by 9.77 percent, meanwhile the Islamic Republic's exports to Iraq and India has fallen by 8.38 percent and 10.32 percent respectively.

Iran's exports to Afghanistan also witnessed a decline by 13.08 percent during the period in comparison with first eight months of 2013.

Iran's non-oil goods trade balance

Iran's non-oil goods trade balance (excluding gas condensates), faced a $16.264 billion deficit in the first eight months of 2014, compared to $8.95 billion in the same period of 2013.

Iran's trade balance with 87 countries was positive, while with 94 countries it was negative.

Iran had the highest positive trade balance with Iraq($3,652 billion), Afghanistan($1,514 billion), Turkmenistan($504 million), Egypt($380 million), and Pakistan($362 million), while it registered the highest negative trade balance with the United Arab Emirates($7.164 billion), South Korea($2.634 billion), China($2.079 billion), India($1.744 billion), and Germany($1.639 billion).

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