16803
ICA: 95% of Exports  to Asia, 2.9% to Europe
Domestic Economy

ICA: 95% of Exports to Asia, 2.9% to Europe

According to a report released by the Islamic Republic of Iran Customs Administration on foreign trade in the first month of the current Iranian year (March 21- April 20, 2015), non-oil goods (excluding gas condensates) worth $2.209 billion were exported during the period. Total non-oil imports amounted to $1.971 billion, making up for a trade surplus of $238 million.
The main goods exported during the period include low-density polyethylene, liquefied propane, bitumen, methanol, and liquefied butane; while the main goods imported include corn for cattle feed barley, rice, heavy machinery/ equipments and unripe bananas.
China was the major export destination, accounting for $641 million or 29.02% of the total export value. Iraq came next with more than $375 million, followed by the United Arab Emirates (UAE) with more than $333 million. India and Afghanistan were other major importing countries with $155 million and $145 million respectively.
With $449 million, China accounted for the majority of Iran’s total imports during the period. The UAE came second with $399 million. South Korea with $188 million, Turkey with $184 million and India with $152 million were the next major exporters respectively.
> Trade Balance
Iran recorded a negative balance of trade (excluding oil, gas and services) with 58 countries, while registering a positive trade balance with 52 countries.
The biggest trade surplus was recorded with Iraq, amounting to nearly $372 million, followed by China, Afghanistan and Turkmenistan with $192 million, $145 million and $53 million trade surplus respectively.
Meanwhile, the biggest trade deficit was registered with South Korea at $174 million. Switzerland came next with a negative trade balance of $102 million, followed by Germany, the United Arab Emirates and Turkey with $95 million, $66 million and $50 million trade deficits respectively.
> Continental Statistics
The majority of Iran's exports were headed to Asia and Europe, with the two continents accounting for 97.89% of total exports during the first month of the Iranian calendar year. Asia was home to 94.94% of Iran's exports in terms of value, while Europe accounted for 2.95% of exports. Africa, America and Oceania were home only to 2.02%, 0.06% and 0.03% of Iran's exports during the period respectively.  
Asia and Europe were also the leading exporters to Iran, together accounting for more than 98.26% of imports in terms of value. As much as 76% of imports during the period came from Asia, with Europe accounting for 22.04% of total non-oil imports. Imports from the other three continents stood at 1.27% for America, 0.68% for Africa and 0.02% for Oceania.
> Export/Import Portals
The majority of exports during the period was carried out through Assaluyeh's Pars Special Energy Economic Zone, accounting for 33.39% of exports in terms of value. Bandar-e Imam Khomeini Petrochemical with 10.68% and Shahid Raja'ee Port with 9.22% were the other major ports for export.
Meanwhile, Shahid Raja'ee Port, Bandar-e Imam Khomeini and Bushehr Special Trade Zone were the major ports of entry for non-oil goods, accounting for 36.75%, 16% and 9.11% of imports in terms of value respectively.

 

Short URL : http://goo.gl/vOK8OP

You can also read ...

Iran’s Corruption Perceptions Index Improves
Iran’s score based on the Corruption Perceptions Index...
Crimean Ports Under Sanctions Looking for Way Out to Iran
Crimea’s ports, which are not operating at full capacity due...
Qazvin-Rasht Railroad to Come on Stream in 3 Months
The railroad to connect the two Iranian cities of Qazvin and...
Exports to OIC Top $17 Billion
Iran exported $17.19 billion worth of goods to member states...
Next Year’s Budget Approved
Members of the Iranian Parliament agreed on a 12.17-...
 The government is planning to create 1.33 million jobs in the next fiscal year (starting March 21).
Eight Iranian provinces, namely Hormozgan, Semnan, Markazi,...
India’s 6th Wheat Consignment Unloaded at Chabahar
India’s sixth consignment of wheat to be sent to Afghanistan...

Trending

Googleplus