Baku, Azerbaijan, Dec. 23
By Fatih Karimov – Trend:
The industrial production has appeared as the best performing sub-sector of Iran’s non-oil economy 8th Iranian calendar month in terms of value of exports.
Iran exported $11.438 billion worth of industrial products during the first eight months of current fiscal year (started March 20), equal to 40 percent of country’s overall non-oil exports including gas condensates.
However, the value of the exports was almost same as exports during the 8-month period of the preceding year, according to the data, released by Trade Promotion Organization of Iran.
The Islamic Republic exported 28.088 million tons of industrial products, indicating a fall by 10 percent year on year.
The petrochemical products ranked second among Iran’s non-oil exports in the period. During the 8-month period, Iran’s petrochemical exports decreased by 5 percent to $8.629 billion.
Meanwhile the volume of petrochemical exports registered a fall by 14 percent to 17.494 million tons in the same span of time.
Iran exported 11.689 million tons of gas condensate, worth $4.586 billion, which, compared to the same period last year, indicates a 2.5 percent decrease in volume and value.
Agricultural products stood at the next place with a share of 8.3 percent from total non-oil exports’ value.
The value of Iran’s agricultural exports accounted to $2.354 billion or 6.4 percent less, year on year.
The volume of the exported agricultural products was 2.668 million tons, 13.3 percent less in comparison to the 8-month period of the preceding year.
Iran also exported 18.866 million tons of minerals valued at $1.181 billion during the first eight months of the current fiscal year (March 20-Nov. 22).
The country’s minerals exports registered the highest growth among various sectors with an increase rate of 35.5 percent in terms of value.
However the volume growth was only 1.3 percent, compared to 18.631 million tons of exports in the first eight-month period of last fiscal year.
The Islamic Republic also exported $300 million worth of hand-made carpets and handicrafts in the 8-month period, 29.7 percent more year on year.
Hand-made carpets and handicrafts, minerals and industrials were the only products among Iranian exported goods that witnessed value growth compared to the preceding year.
In the 8-month period, Iran’s total non-oil exports, which include gas condensate as well, stood at $28.488 billion, which indicates a 1.2 percent fall.