ID : N-3288 Date : 2018/10/31 - 10:40
(Persia Digest) – Iranian customs has announced that non-oil exports have amounted to USD 27BN and 229MM in the first seven months of the Iranian solar calendar beginning in March. Iraq is Iran’s top customer with USD 5BN and 730MM worth of imported goods.
Iran’s exports have seen an increase of 13.35 percent in terms of its dollar value until the end of October as compared to a similar period last year.
Iran’s imports have amounted to USD 26BN and 303MM over the same period as above, showing a drop of 11.7 percent in terms of its dollar value as compared to a similar period last year.
► 80% growth in Iran’s non-oil exports to ASEAN
► Iran's trade balance becomes positive
► Iran-EU trade grows by 53%
The Iranian customs report indicates that, during the said period, 31.42 percent of Iran’s total exports value was for petrochemicals, 9.98 percent for gas condensate, and 58.60 percent for other commodities.
Iran’s most important target markets were Iraq (USD 5BN and 730MM), China (USD 5BN and 379MM), the UAE (USD 4BN and 637MM), Afghanistan (USD 1BN and 872MM), and India (USD 1BN and 399MM).
► Iran-EU trade increases by twofold
► Iran-US trade on the increase despite sanctions
► First exports of Iranian rice to EU and Canada
In return, main Iranian imports in the first seven months of the solar calendar have also been from China (USD 6BN and 622MM), the UAE (USD 3BN and 932MM), South Korea (USD 1BN and 634MM), India (1BN and 502MM), and Germany (USD 1BN and 426MM).
Click here for more economic news.