The latest data released by Iran Customs Administration and Trade Promotion Organization shows that Iran exported 129.648 million tons of non-oil goods with a total value of $43.93 billion during the last Iranian fiscal year (ended March 20), registering 3.58% growth in total value of exports year-on-year.
Iran Export Destination
China remained the top export destination for Iranian goods. The Asian country imported 37.7 million tons of goods worth $8.177 billion during the last Iranian fiscal year, up 9.1% compared with the year before.
Other major export destinations were the UAE with $7.43 billion, Iraq with $6.1 billion, Turkey with $3.2 billion and South Korea with $2.8 billion.
South Korea recorded 229% increase in the value of imports from Iran during the last Iranian year, according to the IRICA. However, export to Turkey experienced 3.5% drop in the total value.
| Country | Value (Billion USD) | Change | Share (%) | |
|---|---|---|---|---|
| 1 | China | 8.4 | +9% | 19.1 |
| 2 | UAE | 7.4 | +3% | 16.9 |
| 3 | Iraq | 6.1 | -2% | 13.9 |
| 4 | Turkey | 3.2 | -3.5% | 7.4 |
| 5 | South Korea | 2.9 | +230% | 6.5 |
| 6 | India | 2.8 | +10% | 6.3 |
| 7 | Afghanistan | 2.4 | -7% | 5.4 |
| 8 | Japan | 1.1 | -6% | 2.5 |
| 9 | Pakistan | 0.76 | +18% | 1.7 |
| 10 | Oman | 0.53 | +42% | 1.2 |
Iran's exports to African countries grew 100% in the last Iranian year (March 2016-17), ran's major exported commodities to Africa include pastry, chocolate, industrial oils, petrochemicals, asphalt and building construction materials.
Iran Exports to EU
European imports from Iran showed a 6.5% rise in that month, compared with last year’s corresponding period.
According to the Islamic Republic of Iran’s Customs Administration, Iran’s trade with Europe stood at €1.5 billion ($1.6 billion) in January 2017, registering a staggering 171% increase year-on-year.
Hot-rolled non-alloy iron and steel topped the list of Iran’s exports to the EU last year, from which Iran earned around $66 million. Non-alloy iron and steel in forms other than ingots followed, earning $50 million.
About $41 million worth of gas condensates were exported from Iran to the EU last year, marking 100% growth year-on-year.
More: Significant Rise in Iran's Main Exports to EU
Iran Petrochemical Exports
Petrochemical products account for the largest portion of Iran’s non-oil exports
Gas condensate was the main exported commodity, comprising $7.32 billion of the export value. It was followed by light oil, excluding gasoline ($2.49 billion), liquefied natural gases ($2.79 billion), liquefied propane ($1.222 billion) and petroleum gases and liquefied hydrocarbons ($1.204 billion).
Related: Iran's Petrochemical Output Set to Reach 72m Tons
Iran Agro Exports
Iran exported 4.45 million tones of agricultural products, worth $3.795 billion during the past Iranian fiscal year (ended March 2017). IRICA has recorded 1% drop in the volume of agro exports and 17% increase in their total value.
Iran pistachio exports earned $1.2 billion during the last fiscal year (2016-17), indicating 3% increase compared with the year before. Hong Kong, Vietnam, UAE, Germany, and India are top five importers of Iranian pistachio, according to the TPO.
Iran also exported $906 million worth of fresh fruits during the said period, down 2% year-on-year. Iraq, UAE, and Russia were the top importers of fresh fruit from Iran during the last fiscal year. Russia imported $36 million worth of fresh fruit from Iran, registering 177% growth year-on-year.
Seafood and saffron were also among top agro products exported from Iran during the fiscal year that ended on March 20, 2017. Seafood exports earned $327 million in the said period, up 43% YoY. Annual saffron exports amounted to $264 million, recording 60% growth compared with the year before.
IRICA also reported significant drops in tea and potato exports–35% and 52% respectively. The TPO names fluctuations in potato price in the domestic market and high tariffs for exporting tea as the main causes of the drop.
Related: Iran’s Annual Nut Production Tops 1m Tons
Food Products
About $1.2 billion worth of livestock and poultry products were exported over the 11 months to February 18, registering a $554.7 million trade surplus in the sector.
About 62,600 tons of chicken worth $77.3 million, 750,000 tons of milk worth $683 million and 800,000 tons of eggs worth $53.5 million were exported during the 11-month period.
Iran also exported 815,000 tons of meat, over 9.5 million tons of milk, 2 million tons of chicken, 940,000 tons of eggs and 81,500 tons of honey were produced in Iran last year.
More: Food Self-Sufficiency Up 24% in Three Years
Iran Mineral Exports
Iran exported more than $7 billion worth of mineral goods during the previous fiscal year (March 2016-17), registering 17% growth respectively compared with the year before. Mineral exports accounted for 44% and 16% of Iran’s total export volume and value during the period respectively.
Crude steel and steel products took the lion’s share of exports in terms of value, as 6.69 million tons worth $2.69 billion were shipped overseas during the period, up 49% and 0.3% in weight and value respectively YOY.
Copper and copper products came next with 810,138 tons valued at $662 million, up 147% and 131% in weight and value respectively. Copper shipments recorded the highest growth in volume and value among all mineral commodities after precious metal exports.
Details: $3.3b Trade Surplus in Iran's Mining Sector
Iran Auto Exports
Iran auto industry’s total exports reached $217.4 million during the last Iranian year, indicating a 38% year-on-year decline.
Iranian automakers exported vehicles worth $36.6 million in the last fiscal (ended March 20). Iraq, Algeria, Lebanon, Turkmenistan, and Syria were the main export destinations.
During the 12-month period, Iran exported heavy duty vehicles —including trailer trucks and tractors — and generated $35.8 million.
The number indicates a 28.5% year-on-year fall in the export of heavy duty vehicles.
Automakers in Iran exported auto parts with the total value of $145 million -- a 52% decline compared to the previous year. Almost 79% of the auto parts went to Iraq, Afghanistan, the UAE, Turkmenistan and Turkey.
Related: Iran Auto Exports Declines, Imports Rise
Iran Pharmaceutical Exports
During the previous Iranian fiscal year, Iran exported $210 million worth of medicine and medical and laboratory equipment, marking 28.9% growth year-on-year.
Afghanistan imported $44.8 million worth of human medicine from Iran during the last year, becoming the main export destination for this group of goods. Iran also exported more than $17 million worth of human goods to Russia, marking 3440% growth year-on-year.
Human medicine exports from Iran made a total of 127.6 million last year, up 28.8% YoY.
Iran also exported near $6 million worth of animal medicine to Iraq, registering 112% growth annually.
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