Iran’s non-oil foreign trade in the first month of the current fiscal year (March 21-April 20) stood at $5.66 billion, indicating a 12% rise compared with last year’s corresponding period.
Non-oil exports worth $3.13 billion, indicating a 16% increase year-on-year, the latest report by the Islamic Republic of Iran Customs Administration shows. Gas condensates ($448 million), liquefied propane ($163 million), polyethylene ($137 million), ethylene glycol ($105 million) and liquefied butane ($94 million) were the main exported commodities. Exports of items categorized as “others” stood at $1.64 billion, registering a 39% rise compared with the same period of last year. Other major export destinations included the UAE ($549 million), Iraq ($402 million), India ($220 million), South Korea ($202 million) and other countries ($1.03 billion). Exports to South Korea and the UAE rose by 32% and 11% respectively compared to the similar period of last year, but India imported 11% less goods from Iran during this month.
Non-oil imports worth $2.52 billion were up 8% YOY. Major exporters to Iran included China ($624 million), the UAE ($314 million), Russia ($165 million), Switzerland ($161 million) and South Korea ($144 million). Imports mainly included soybean ($155 million), field corn ($138 million), auto parts ($121 million), components of nuclear reactors ($77 million) and rice ($69 million). China was the main customer of Iranian products during the one-month period, as Iran exported $728 million worth of goods to the Asian country, 18% more than the corresponding period of last year. Imports from Russia and Switzerland rose by 630% and 75% respectively.