Iran’s exports to South Korea increases by 1400%

Business Materials 4 July 2016 15:59 (UTC +04:00)

Baku, Azerbaijan, July 4

By Fatih Karimov – Trend:

Iran’s non-oil exports to South Korea witnessed a huge increase of over 1375 percent in the first three months of current Iranian fiscal year (March 20 – June 20), according to the Iranian Customs Administration’s latest report.

Iran exported 2.01 million tons of non-oil goods, worth $849 million to South Korea during that period.

Tehran’s non-oil export to South Korea was 2825.53 percent more in terms of volume as compared to the same period of last year.

China was the main importer of the Iranian goods during the 3-month period. Beijing’s imports accounted for 21.49 percent of Iran’s total non-oil exports in terms of value and 29.78 percent in terms of volume.

Iran exported 8.272 million tons of non-oil goods, worth $2.251 billion to China during the first three months of Iranian fiscal year.

Iran’s non-oil exports to China witnessed a rise of 12.62 percent in terms of value, while the volume of the Islamic Republic’s non-oil exports to China rose by 44.43 percent, according to the Iranian Customs Administration.

The UAE (with $1.772 billion), Iraq ($1.518 billion), and India ($775 million) were the other three biggest importers of Iranian goods.

The UAE and Iraq’s imports from Iran indicate a fall by 10.65 and 5.76 percent respectively. Meanwhile, the Islamic Republic’s exports to India rose by 6.47 percent.

Tehran’s total non-oil exports (including condensates) surpassed $10.472 billion during the 3-month period, indicating a fall of 5.3 percent year-on-year.