The Statistical Center of Iran has reviewed changes in prices of commodities exported from and imported to the country in the first quarter of the current fiscal year (March 21-June 21).
According to SCI, the Export Price Index, an indicator measuring the overall change in prices for goods and services sold abroad, (using the year ending March 2017 as the base year), stood at 1833.5 in Q1 in terms of rial, registering a 13.7% increase compared with the quarter before and a 193.1% rise compared with the same quarter of the previous year.
The average EPI during the quarter leading to June 21, witnessed a 193.9% growth compared with the corresponding period of the year before.
The three-month period saw EPI stand at 139.7 in dollar terms, registering an increase of 3.3% over the preceding quarter and 12.7% year-on-year.
The average EPI in dollar terms during the period witnessed a 6.9% rise YOY.
The Import Price Index, an indicator measuring the overall changes in prices of imports of merchandise into a country (using the year ending March 2017 as a base year), stood at 21,952.9 in Q1 in terms of rial, registering a 54.4% increase compared with the previous quarter and a 505.9% rise compared with the same quarter of the year before.
The average IPI during the first fiscal quarter witnessed a 533% growth year-on-year.
The three-month period saw IPI stand at 315.3 in dollar terms, registering a 12.7% increase quarter-on-quarter and a 58.6% rise year-on-year.
The average IPI in dollar terms during the period witnessed a 52.7% growth YOY.
Iran's non-oil trade stood at 38.38 million tons worth $20.9 billion in Q1 (March 21-June 21) of the fiscal 2021-22, registering a 25% and 50% growth in weight and value respectively YOY, according to the Islamic Republic of Iran Customs Administration.
Exports stood at 30 million tons worth $10.7 billion in Q1, registering a 38% and 69% growth in weight and value respectively compared with the previous year. Imports stood at 8.4 million tons worth $10.2 billion, registering a 6% decline in weight and a 34% growth in value YOY, the head of IRICA, Mehdi Mirashrafi, said.
From the total trade of May 22-June 21, which stood at 16.14 million tons worth $8.06 billion, 13.08 million tons worth $4.37 billion belonged to exports, registering a 52% and 30% growth in terms of weight and value respectively, compared with the previous month’s (April 21-May 21) 8.58 million tons worth $3.35 billion.
Imports accounted for 3.05 million tons worth $3.69 billion, registering an 8% and 1% decline respectively compared with the previous month’s 3.32 million ton worth $3.73 billion,
In the third month (May 22-June 21), Iraq with $6.49 million tons worth $1.39 billion, China with 2.45 million tons worth $1.09 billion, the UAE with 1.03 million tons worth $426 million, Afghanistan with 475,000 tons worth $205 million and Turkey with 279,000 tons worth $205 million were the top five export destinations.
With the addition of liquefied natural gas exports to Iraq, the country became the first export destination during the period.
Imports mainly came from the UAE with 1.11 million tons of goods worth $1.33 billion, China with 222,000 tons worth $729 million, Turkey with 307,000 tons worth $384 million, Germany with 83,000 tons worth $129 million and Switzerland with 113,000 tons worth $101 million.
