Iran’s annual non-oil exports hit $44B

Baku, Azerbaijan, Mar. 30

By Fatih Karimov – Trend:

Iran's non-oil exports including gas condensates reached $43.93 billion during the last Iranian fiscal year (ended March 20, 2017).

The figure indicates a rise by 3.54 percent compared to the same period of preceding year, Iran's Custom Administration reported Mar. 30.

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 129.59 million tones in the 12-month period.

The Islamic Republic exported $5.438 billion worth of non-oil goods in the 12th Iranian calendar month (Feb. 20-March 20).

During the 12-month period, the country exported $7.32 billion worth of condensate, 56 percent more year-on-year.

Iran also exported $14.34 billion of petrochemicals, indicating a rise by 9 percent compared to the preceding year.

Light oils and products (except for gasoline) worth $2.479 billion, liquefied gas worth $2.079 billion, liquefied propane ($1.222 billion) and petroleum gases and gas hydrocarbons ($1.204 billion) where other top exported goods in last fiscal year.

The average price for each ton of Iran's non-oil goods in the mentioned period was around $339, which is 25 percent less than in the previous year.

China was the main importer of the Iranian goods during the 12-month period. Iran exported $8.377 billion worth of goods to China, indicating a rise by 9 percent year-on-year.

The United Arab Emirates ($7.436 billion), Iraq ($6.111 billion), Turkey ($3.244 billion) and South Korea ($2.877 billion) were other top importer of Iranian non-oil goods during the last fiscal year.

Iran’s non-oil exports to the UAE witnessed a rise by 3 percent, meanwhile exports to South Korea increased by 230 percent.

The country’s non-oil exports to Iraq and Turkey also registered increase by 2 and 3.5 percent respectively in last fiscal year, compared to the preceding year.

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