Iran’s non-oil exports fall by 9%

Business Materials 3 May 2017 16:55 (UTC +04:00)

Baku, Azerbaijan, May 3

By Fatih Karimov – Trend:

Iran's non-oil exports including gas condensates reached $2.723 billion during the first month of the current fiscal year (started March 20, 2017).

The figure indicates a fall by 9.4 percent compared to the same period of preceding year, Iran's Custom Administration reported May 3.

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 8.062 million tones in the 1-month period, 1.48 percent less year-on-year.

During the period, the country exported $493 million worth of condensate, 9.5 percent less year-on-year.

Methanol worth $132 million, liquefied propane worth $103 million, film grade polyethylene worth $98 million, iron and steel products worth $97 million, petroleum gases and gas hydrocarbons ($96 million), light oils and products (except for gasoline) worth $91 million, liquefied butane ($63 million), injection grade polyethylene ($63 million) and bitumen ($54 million) where other top exported goods in last calendar month (ended April 21).

China was the main importer of the Iranian goods during the 1-month period. Iran exported $615 million worth of goods to China, indicating a fall by 22.8 percent year-on-year.

The United Arab Emirates ($497 million), Iraq ($388 million), India ($248 million) and South Korea ($153 million) were other top importer of Iranian non-oil goods during the first month of current Iranian fiscal year.