Over 97 percent of Iran’s non-oil exports go to Eurasian markets

Business Materials 4 November 2014 17:35 (UTC +04:00)

Baku, Azerbaijan, Nov. 4

By Umid Niayesh - Trend:

About $18.04 billion worth of Iran's total non-oil exports (excluding condensates) accounted to Asian countries during the first seven months of the current Iranian fiscal year (March 21-Oct. 22), indicating an increase by 7.73 percent year on year (Iran's fiscal year starts on March 21).

The figure accounts for 92.97 percent of the country's total non-oil exports, said Iranian Customs Administration's latest monthly report released on Nov. 3.

Iran exported some 41.417 million metric tons of non-oil goods to Asian countries during that period which is 6.21 percent less compared the 7-month period of last year.

Meanwhile Iran's exports to Europe registered a 59.95-percent increase in terms of volume and stood at 1.372 million metric tons during the period. The Islamic Republic exported $917 million worth of goods to the European countries in the seven months which indicates an increase by 34.63 percent in comparison with the 7-month period of last year.

European markets shared 4.73 percent of Tehran's total non-oil exports' value during the first seven months of the current fiscal year. Iran's exports to Africa and America stood at $400 million and $32 million respectively, 15.89 percent and 32.95 percent less compared to the same period of preceding year (March 21 - Oct. 22, 2013).

Iran's total non-oil exports (excluding gas condensates) to foreign countries surpassed $19.402 billion during the 7-month period (March 21-Oct. 22), which indicates an increase by 8.4 percent compared to the same months of the preceding year.