Iran’s non-oil exports reach $28B in 8 months

Business Materials 27 November 2016 11:39 (UTC +04:00)

Baku, Azerbaijan, Nov. 27

By Fatih Karimov – Trend

Iran's non-oil exports including gas condensates reached $28.117 billion during the first eight months of the current Iranian fiscal year (started March 20, 2016).

The figure indicates a rise by 5.74 percent compared to the same period of preceding year, Iran's Custom Administration reported Nov. 27.

Iran includes gas condensate and some raw hydrocarbon products like propane, butane, etc in its non-oil export basket.

The volume of the exported goods reached 81.761 million tones in the 8-month period.

The Islamic Republic exported $3.46 billion worth of non-oil goods in the eighth Iranian calendar month (Oct. 21-Nov. 21).

During the 8-month period, the country exported $4.519 billion worth of condensate, which shared 16.7 percent of Iran’s total non-oil exports in terms of value.

Liquefied gas worth $1.952 billion, light oils and products (except for gasoline) worth $1.057 billion, petroleum gases and gas hydrocarbons ($960 million) and liquefied propane ($763 million) where other top exported goods in first eight months of current fiscal year.

China was the main importer of the Iranian goods during the 8-month period. Iran exported $5.011 billion worth of goods to China, indicating a rise by 1.82 percent year-on-year.

The United Arab Emirates ($4.371 billion), Iraq ($4.068 billion), Turkey ($2.606 billion) and South Korea ($2.144 billion) were other top importer of Iranian non-oil goods during the first eight months of the current fiscal year.

Iran’s non-oil exports to Iraq witnessed a rise by 1.85 percent, meanwhile exports to South Korea increased by 708 percent.