News ID: 319034
Published: 0338 GMT December 28, 2021

Iran enjoys 40% y/y growth in non-oil exports in nine months: IRICA

Iran enjoys 40% y/y growth in non-oil exports in nine months: IRICA
MNA

National Economy Desk

Iran exported more than 92.3 million tons of non-oil products – worth $35.1 billion – in the first nine months of the current Iranian calendar year, which started March 21, said the head of Iran Customs Administration (IRICA).

Alireza Moqadasi added the figures indicate a 40% year-on-year hike in value – as well as an 8% growth in weight.

The figures have already exceeded those of the preceding 12 months, Moqadasi said, while he remains confident that the current trend will see the total value of the non-oil exports reach $47 billion by the end of the year.

The IRICA chief said 122.5 million tons of goods – with the value of $72.1 billion – were traded between Iran and other countries in the nine-month period, showing an increase of 11% in weight and 38% in value compared to the corresponding period of last year.

Should the foreign trade keep the pace as in the previous nine months, the overall trade value will hit the $98 billion mark, added Moqadasi.

“Petrochemical products accounted for 46% of the Iranian non-oil exports – 42% in value – during the first nine months of the year,” Moqadasi said.

China was the top destination of Iranian products during the period as 21.3 million tons of goods – $10.2 billion – were exported to the Far East country.

Iraq (23.5m tons – $6.8 billion), Turkey (11.7m tons – $4.1 billion), the United Arab Emirates (8.3m tons – $3.4 billion), and Afghanistan (3.3m tons – $1.4 billion) were also among top importers of Iranian products.

Meanwhile, essential goods accounted for the lion’s share of the imports into the country in the nine-month period – with 23.1 million tons worth $12.4 billion – indicating a 32% year-on-year growth in weight and 61% increase in value, added Moqadasi.

The customs chief added that over nine million tons of foreign goods were transported through Iranian territory, with the figure estimated to exceed 12 million tons by yearend.

 

   
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