Iran's revenues from condensate exports decrease by 52%
Baku, Azerbaijan, May 17
By Fatih Karimov - Trend:
Iran's condensate exports accounted for $6.66 billion during the last Iranian fiscal year (ended March 20), indicating a huge fall by 52.4 percent, the latest statistics released by Trade Promotion Organization of Iran (TPOI), said.
Tehran exported 15.95 million tons of condensates during the 12 months, 16.6 percent less year on year. Condensate exports shared 15.7 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 in the fiscal year to 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 $30.49 billion, in the last fiscal year, 1.5 percent more year on year. Industrial exports shared 71.9 percent of the Islamic Republic's total exports in terms of value.
The Islamic Republic also exported $3.99 billion worth of agricultural products (14 percent fall year on year) and $944 million worth of mineral products (37 percent fall) in the 12-month period.
Iran's total non-oil exports accounted for $42.41 billion in the last fiscal year, 16 percent less year on year.