Iran’s exports to China decreases by 23%
Baku, Azerbaijan, March 28
By Umid Niayesh - Trend:
Iran exported 25.6 million tons of non-oil goods, worth $7.23 billion to China during the last fiscal year (ended on March 20).
Iran's non-oil exports to China witnessed a fall of 23 percent in terms of value while the volume of the Islamic Republic's non-oil exports to China decreased by 14 percent according to the Iranian Customs Administration's latest report published March 28.
China was the main importer of Iranian goods during the last fiscal year. Beijing's imports accounted for 20.2 percent of Iran's total non-oil exports in terms of value and 33 percent in terms of volume.
After China, Iraq (with $6.2 billion), the UAE (with $4.9 billion), Afghanistan (with $2.6 billion) and India ($2.53 billion) were the other four biggest importers of Iranian goods.
The five countries imported 65.5 percent of Iran's total non-oil exports in terms of value in the last fiscal year.
The UAE's imports from Iran indicate an increase by 21.1 percent, meanwhile the Islamic Republic's exports to Iraq and India witnessed a fall by 4.3 percent and 0.2 percent respectively.
Iran's exports to Afghanistan also registered a rise of 3.3 percent during the period in comparison with the preceding year.
Tehran's non-oil exports (including condensates) surpassed $42.415 billion during the last fiscal year, indicating a fall by 16.1 percent compared to the preceding year.
The average price for each one ton of Iran's non-oil goods in the mentioned period was around $461, which is 1.2 percent more than in the previous year.
Tehran's overall non-oil trade turn over stood at $83.914 billion during the period.