China remains Iran’s main trade partner

Business Materials 26 December 2016 13:18 (UTC +04:00)

Baku, Azerbaijan, Dec. 26

By Fatih Karimov – Trend:

China was Iran’s main trade partner during the first nine months of the current Iranian fiscal year (started March 20, 2016), the Islamic Republic’s Customs Administration reported.

China-Iran trade turnover reached $13.207 billion during the mentioned period. This is while of Iran's $63.131 billion total trade turnover, 21 percent fell to trade with China.

Iran's non-oil trade balance over the first nine months of the current Iranian fiscal year (Nov. 21-Dec. 21, 2016) remained positive for ninth straight month and stood at $55 million.

Iran's non-oil exports including gas condensates reached $31.593 billion during the first nine months of the current Iranian fiscal, indicating a rise by 9.5 percent compared to the same period of the preceding year.

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 91.262 million tones in the 9-month period.

The Islamic Republic exported $3.476 billion worth of non-oil goods in the ninth Iranian calendar month (Nov. 21-Dec. 21).

During the 9-month period, the country exported $5.124 billion worth of condensate, which shared 16.22 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 $1.23 billion, petroleum gases and gas hydrocarbons ($1.067 billion) and liquefied propane ($868 million) were the other top exported goods in first nine months of current fiscal year.

China was the main importer of the Iranian goods during the 9-month period. Iran exported $5.697 billion worth of goods to China, indicating a rise by 7.05 percent year-on-year.

The United Arab Emirates ($5.05 billion), Iraq ($4.573 billion), Turkey ($2.719 billion) and South Korea ($2.333 billion) were other top importer of Iranian non-oil goods during the first nine months of the current fiscal year.