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Iran’s exports to South Korea hike by 2400%

Business Materials 10 August 2016 20:01 (UTC +04:00)

Baku, Azerbaijan, Aug. 10

By Fatih Karimov – Trend:

Iran’s non-oil exports to South Korea witnessed a huge increase of over 2439 percent in the first four months of current Iranian fiscal year (March 20 – July 20), according to the Iranian Customs Administration’s latest monthly report.

Iran exported 2.885 million tons of non-oil goods, worth $1.491 billion to South Korea during that period.

Tehran’s non-oil export to South Korea was 4051 percent more in terms of volume as compared to the same period of last year.

Iran’s exports to South Korea shared 9.1 percent of country’s total non-oil exports in terms of value.

China was the main importer of the Iranian goods during the 4-month period. Beijing’s imports accounted for 18 percent of Iran’s total non-oil exports in terms of value and 26.75 percent in terms of volume.

Iran exported 11 million tons of non-oil goods, worth $2.937 billion to China during the first four months of Iranian fiscal year.

Iran’s non-oil exports to China witnessed a rise of 8.81 percent in terms of value, while the volume of the Islamic Republic’s non-oil exports to China rose by 34.39 percent, according to the Iranian Customs Administration.

The UAE (with $2.5 billion), Turkey ($2.7 billion) and Iraq ($1.92 billion were the other three biggest importers of Iranian goods.

The UAE and Iraq’s imports from Iran indicate a fall by 8.6 and 4.6 percent respectively. Meanwhile, the Islamic Republic’s exports to Turkey rose by 10.3 percent.

Tehran’s total non-oil exports (including condensates) surpassed $16.3 billion during the 4-month period, indicating a rise of 21.11 percent year-on-year.

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