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Iran exports drilling platforms

Business Materials 24 June 2018 12:45 (UTC +04:00)

Baku, Azerbaijan, June 24

By Umid Niayesh - Trend:

The latest official data unveils that drilling platform has taken place among the Iran’s top exports in the current fiscal year, started March 20, 2018.

The Islamic Republic exported $158 million worth of drilling platform in the first two months of current fiscal year (March 20-May 21), according to a report from the country’s Trade Promotion Organization (TPOI).

The price for each ton of the platform was $54,000, according to the report.

Iran’s drilling platform export registered a rise by 100 percent, year-on-year.

Raw materials share the dominant part of Iran’s non-oil export basket. Gas condensates, propane, butane and some other raw petroleum products - which Iran puts in the non-oil exports basket - made the country’s top exported goods during the 2-month period.

During the period, the country had exported $1,209 million worth of condensate, 11 percent more year-on-year.

Each ton of condensate was exported at $522, 33 percent more year-on-year.

Iran’s‎ semi-completed iron and steel products (with rectangular cross section) exports registered the highest growth among the Iranian top exports and surged by 826 percent in terms of value.

The Islamic Republic exported $153 million worth of semi-completed iron and steel products in the 2-month period (each ton = $439)

Film-grade polyethylene ($390 million, 100 percent increase), liquefied propane (worth $335 billion, 44 percent increase), gasoline excluded light oils and products (worth $274 million, 39 percent increase), petroleum gases and liquefied hydrocarbons($203 million, 14 percent increase), ethylene glycol ($186 million, 0.3 percent fall) and liquefied butane ($179 million, 24 percent increase) where other top exported goods in the 11-month period.

As seen all of Iran’s top exports are raw materials or semi-processed oil and mineral products.

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