Iran's revenues from condensate exports hit $5.8B

Business Materials 8 February 2016 18:02 (UTC +04:00)

Baku, Azerbaijan, Feb. 8

By Umid Niayesh- Trend:

Iran's condensate exports accounted for $5.8 billion during the first ten months of the current Iranian fiscal year (March 21, 2015-Jan. 20), indicating a huge fall by 54 percent, the latest statistics released by Trade Promotion Organization of Iran (TPOI), said.

Tehran exported 13.812 million tons of condensates during the ten months, 19 percent less year on year. Condensate exports shared 16.3 percent of Iran's total non-oil exports during the period.

Gas condensate, also known as ultra-light oil, shared about one fourth of the country's total non-oil exports the last fiscal year (ended March 2015) and stood at $14 billion. Iran includes this raw oil material in its non-oil export basket.

The value of Iran's industrial exports including petrochemical products accounted for $25.12 billion, in the first ten months of the current fiscal year, 3.4 percent more year on year. Industrial exports shared 70.5 percent of the Islamic Republic's total exports in terms of value.

The Islamic Republic also exported $3.61 billion worth of agricultural products (seven percent fall year on year) and $795 million worth of mineral products (39 percent fall) in the 10-month period.

Iran's total non-oil exports accounted for $35.6 billion in the first ten month of current fiscal year, 16 percent less year on year.