Industrial products share 33% of Iran’s exports

Business Materials 2 May 2017 15:36 (UTC +04:00)

Baku, Azerbaijan, May 2

By Fatih Karimov – Trend:

Industrial products shared 33 percent of Iran’s exports in terms of value during the last fiscal year (ended March 20, 2017), said the latest statistics released by Trade Promotion Organization of Iran.

The value of Iran's industrial exports accounted for $14.496 billion, during the period, 15.5 percent less than last year. Iran exported 34.282 million tons of industrial products, indicating a rise by 11.7 percent compared to the preceding year.

Iran’ petrochemical and natural gas exports increased by 7.5 percent to $16.419 billion during the 12-month period. The volume of the petrochemical and natural gas exports registered a rise by 46.4 percent to 42.16 million tons in the last fiscal year.

Iran exported 18.663 million tons of gas condensate, worth $7.32 billion in the period, which indicates a 77.8-percent and a 56.4-percent increase in volume and value respectively, compared to last year.

Iran's total non-oil exports (including gas condensate) stood at 43.93 billion in the last fiscal year, which indicates a 3.5-percent increase.

Therefore, the share of the gas condensate, also known as ultra-light oil from total non-oil exports stood at 16.7 percent, while petrochemical products and natural gas shared 37.4 percent of Iran's total non-oil exports in 12 months.

The Islamic Republic also exported $3.922 billion worth of agricultural products (1.7 percent less year-on-year) and $374 million worth of handicrafts and hand-made carpets (12.5 percent increase) in the 12-month period.

Agricultural products shared 8.9 percent of the country’s overall exports in terms of value.

Iran exported over 30.026 million tons of mineral products, valued at $1.399 billion, during the period as well. The country’s minerals export increased by 41 percent in terms of value and 49 percent in terms of volume year-on-year.

Mineral products shared 3.18 percent of the Islamic Republic’s total exports in terms of value.

The country’s trade turnover reached $87.614 billion in the 12-month period, registering a rise by 4.3 percent year-on-year.