75379
Foreign Trade  Up 6.2%
Foreign Trade  Up 6.2%

Iran Foreign Trade Up 6.2%

Iran Foreign Trade Up 6.2%

Iran’s non-oil foreign trade during the first seven months of the current fiscal year (started March 21) stood at $52.52 billion, indicating a 6.2% rise compared to last year’s corresponding period.
According to the latest report by the Islamic Republic of Iran Customs Administration, non-oil exports during the period hit 68.05 million tons worth $24.71 billion, indicating a 2.17% decline in value year on year.
Non-oil imports amounted to 19.93 million tons worth $27.81 billion, up 14.89% in value YOY. Increased imports of basic goods, auto parts, cars and capital goods are the main reasons behind the rise in imports.
Gas condensates ($4.11 billion), liquefied propane ($809 million), polyethylene ($750 million), light crude oil, excluding gasoline ($725 million), and methanol ($661 million) were the main exported commodities.
Imports mainly included rice ($1 billion), field corn ($882 million), auto parts ($738 million), vehicles of engine displacement between 1500cc and 2000cc ($625 million) and soybean ($536 million).
China was the main customer of Iranian products during the seven-month period, as Iran exported $5.02 billion worth of goods to the Asian country, 12% more than the corresponding period of last year.        

Other major export destinations included Iraq with $4.13 billion, the UAE with $3.47 billion, South Korea with $2.44 billion and Afghanistan with $1.58 billion worth of imports from Iran.
The value of exports to Iraq, South Korea and Afghanistan rose by 12.54%, 24.79% and 16.11% respectively YOY, but the UAE imported 16.11% less goods from Iran over the seven months compared with the same period of last year.
Major exporters to Iran included China ($6.82 billion), the UAE ($4.67 billion), Turkey ($1.93 billion), South Korea ($1.84 billion) and Germany (1.54 billion).
The average price of each ton of exported goods stood at $363, posting an 8.04% rise over last year’s similar period and the average price of each ton of imported commodities hovered around $1,396, up 8.89% YOY.

 

Short URL : https://goo.gl/EGvugn
  1. https://goo.gl/WJ3EJw
  • https://goo.gl/rPniQk
  • https://goo.gl/aEeZAC
  • https://goo.gl/1DZU2u
  • https://goo.gl/ZAEepL

You can also read ...

 TCCIMA Secretary-General Bahman Eshqi speaking in Vienna on Nov.16
Iranian banks are expected to open their first branches in...
Iran has 9,000 online retail stores.
With the ever-growing developments in the World Wide Web,...
Helping the Quake-Stricken?  Not If They Are Iranians!
Iran is a hotspot of earthquakes and several of them have...
Tehran-Accra Expand Agro Coop.
Three memoranda of understanding were signed between Iran’s...
USD at  41,000 Rials
After the US dollar’s recent bull run that pushed the value of...
The first Iran-Luxembourg Forum opened on Wednesday and hosted...
According to the sports faction of the Parliament, Iran’s football has an annual turnover of 5 trillion rials ($125 million).
Iran’s football feeds on different industries, but it has yet...
Tesla Roadster Speeds in Front of Electric Truck
Tesla Inc upstaged its own debut of an electric heavy duty...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus