Iran’s non-oil exports to China surpass $9B
Baku, Azerbaijan, Apr. 11
By Umid Niayesh - Trend:
Iran exported 29.1 million metric tons of non-oil goods, worth $9.16 billion to China during the last Iranian fiscal year (ended on March 20).
China was the main importer of Iranian goods in the mentioned period. Beijing's imports accounted for 26.63 percent of Iran's total non-oil exports in terms of value and 36.7 percent in terms of volume, according to Iranian Customs Administration's annual report.
Iran's non-oil exports to China witnessed an increase of 22.81 percent in terms of value, meanwhile the volume of the Islamic Republic's non-oil exports registered a fall of 16.52 percent year on year.
After China, Iraq (with $6.183 billion), the United Arab Emirates (with $3.932 billion), India (with $2.442 billion) and Afghanistan (with $2.388 billion) were the other four biggest importers of Iranian goods.
The five countries imported 67.44 percent of Iran's total non-oil exports in terms of value and 75.54 percent in terms of volume in the last fiscal year.
The UAE's imports from Iran indicates an increase by 7.73 percent, meanwhile the Islamic Republic's exports to India and Afghanistan has fallen by 0.1 percent and 1.7 percent respectively.
Iran's exports to Iraq also witnessed a 2.56 percent rise during the period in comparison with the preceding fiscal year (March 20, 2013-March. 20, 2014).
Tehran's non-oil exports (excluding condensates) surpassed $35.74 billion during the last fiscal year, indicating a 13.27 percent increase year on year.
The average price for each one metric ton of Iran's non-oil goods in the mentioned period was around $451, which is 15.94 percent more than in the previous year.
Iran's overall non-oil trade turn over including condensates stood at $102.22 billion during the period.
Follow the author on Twitter: @UmidNiayesh