Home Commodities Iran exports non-oil commodities worth $40.5b in 10 months

Iran exports non-oil commodities worth $40.5b in 10 months

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TEHRAN- Iran exported 113 million tons of non-oil goods valued at $40.5 billion during the first 10 months of the current Iranian calendar year (March 21, 2023-January 20, 2024), the head of the Islamic Republic of Iran Customs Administration (IRICA) announced.

Mohammad Rezvani-Far said that the 10-month non-oil export indicates a nine percent growth in weight, but an 11 percent fall in value, year on year, IRIB reported.

The official also said the country exported $29.9 billion of crude oil in the mentioned 10 months, registering a 10-percent rise, year on year.

Rezvani-Far further announced that Iran has imported 32.7 million tons of goods worth $54.8 billion in the first 10 months of the present year, which indicates an 11.6 percent rise in value and six percent growth in weight.

He named China, Iraq, the United Arab Emirates (UAE), Turkey, and India as the major export destinations of Iranian goods in the said period, and the UAE, China, Turkey, Germany, and India as the main sources of import.

Gold, car parts and accessories, and smartphones were the main imported items during this period, according to the official.

In the first 10 months of this year, 14.2 million tons of goods were also transited through Iran, which was 29 percent more compared to the same period last year, Rezvani-Far said.

As previously announced by the spokesman of the Trade Development Committee of the Iranian House of Industry, Mining, and Trade, the value of Iran’s non-oil exports rose 10 percent in the past Iranian calendar year 1401 (ended on March 20, 2023).

Ruhollah Latifi said that 122.056 million tons of non-oil commodities worth $53.166 billion were exported in the previous year.

China with the purchase of $14.584 billion of commodities (no change), Iraq with $10.238 billion (15 percent growth), Turkey with $7.459 billion (23 percent growth), the United Arab Emirates (UAE) with $5.767 billion (28 percent growth), and India with $2.146 billion (18 percent growth) were the first five export destinations of Iranian goods in 1401, the official stated.

Latifi further announced that 37.18 million tons of non-oil commodities valued at $59.655 billion were imported to the country during the past year, with a 10 percent drop in weight, and a 13 percent rise in worth, year on year.

The UAE with sales of $18.395 billion (11 percent growth), China with $15.744 billion (24 percent growth), Turkey with $6.99 billion (15 percent growth), India with $2.019 billion (80 percent growth), and Germany with $2.019 billion (five percent growth), were the first five countries supplying goods to Iran in 1401, he stated.

The official went on to say that the country’s non-oil trade reached 159.236 million tons worth $112.821 billion in the previous year, with an 11.2 percent growth year on year.

EF/MA

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