Iran’s non-oil exports hit $33B

Business Materials 2 March 2015 17:47 (UTC +04:00)

Baku, Azerbaijan, Mar. 2

By Umid Niayesh - Trend:

Iran's non-oil exports (excluding condensates) surpassed $32.633 billion during the first eleven months of current fiscal year (March 21, 2014-Feb. 20), indicating an increase of 14.79 percent compared to the same period of the preceding year.

Iran exported some 72 million metric tons of non-oil goods during that period which is 1.91 percent less compared with the 11-month period of preceding year, the Iranian Customs Administration said in its latest monthly report published March 2.

Iran exported 17.19 million metric tons of petrochemicals during the period from March 21 to Feb. 20, 25.3 percent more year on year. The country's revenues from exporting petrochemicals reached $13.148 billion during the mentioned period, indicating a 31.86 percent increase.

Iran's total exports including condensates surpassed $46.3 billion, 22 percent more compared to first eleven months of last fiscal year (March 21, 2013-Feb. 20, 2014)

Liquefied propane worth $2.097 billion (6.43 percent of overall exports), liquefied butane worth $1.362 billion (4.17 percent of total export value), methanol worth $1.354 billion (4.15 percent of overall export) and grid polyethylene film worth $1.286 billion (3.94 percent of overall export) were Iran's other top non-oil exports.

Liquefied propane exports registered an 83.87-percent increase compared to the first eleven months of last fiscal year in terms of value, meanwhile exports of liquefied butane and grid polyethylene film witnessed increase by 43.28 percent and 45.29 percent respectively.

The country's methanol exports also registered a rise by 39.4 percent in the 11 month period.

The average price for each one metric ton of Iran's non-oil goods in the mentioned period was around $453, which is 17.05 percent more than in the previous year.

Iran's overall non-oil trade turn over stood at $94.564 billion during the first 11 months of the current fiscal year (March 21, 2014-Feb. 20).

The figure indicates a 16.87 percent rise in comparison with the $80.912 billion trade turn over during the same period of preceding year.

Edited by CN

Follow the author on Twitter: @UmidNiayesh