Baku, Azerbaijan, June 18
By Umid Niayesh - Trend:
Iran’s exports to Italy witnessed a huge rise by 157 percent in terms of value during the current fiscal year, started March 20, 2018, the Islamic Republic’s commercial attaché to Italy, Mohammad Razi, said.
Iran exported $82.252 million worth of commodities to the European country in the first two months of the current fiscal year (March 20-May 21) compared to $32.06 million of exports in the same period of the preceding year, Razi said, Press Office of Trade Promotion Organization of Iran noted in a statement.
The volume of Iran’s exports to Italy amounted to 163,227 tons in the same span of time, 249.5 percent more year-on-year, the official added.
The exports to the European country was equal to 1.06 percent of Iran’s overall non-oil exports in terms of value and 0.87 percent in terms of volume, during the 2-month period.
Iran mainly exports pistachio, saffron, steel parts, urea, petrochemical products and gas condensates to Italy.
Iran’s non-oil exports, including condensates witnessed an increase by over 22 percent during the first two months of the current fiscal year and reached $7.739 billion.
The volume of the exported goods reached 18.8 million tons in the 2-month period.
The country includes gas condensate and some raw hydrocarbon products, like propane, butane, etc. in its non-oil export basket.
Iran exported $423 million worth of goods to Italy in the last fiscal year, ended March 20, which made the European country 14th destination of Iran’s commodities in the period. However, the value of Iran’s exports to Italy witnessed a fall by 8 percent, year-on-year.
The Islamic Republic exported 765,000 tons of goods to the European country in the same span of time, 1 percent less compared to the preceding year.
Meanwhile the Islamic Republic imports from Italy registered a rise by 16 percent to $1,428 million in the 12-month period.