News ID: 324337
Published: 0350 GMT September 28, 2022

Iran’s six-month trade tops $50b: IRICA

Iran’s six-month trade tops $50b: IRICA

The value of Iran’s non-oil export during the six months to September 22, amounted to $50.28 billion, registering 13.3% of growth compared to corresponding figure of preceding year, according to data released by the Islamic Republic of Iran Customs Administration (IRICA).

The IRICA report showed the country’s six-month non-oil exports stood at about 52 million tons, with a 12.5% decline in weight, Tasnim News Agency wrote.

Liquefied propane, methanol, liquefied butane, liquefied natural gas and film-grade polyethylene were the main exported products in the said time span, accounting for 25.6% of the total value of the exports.

Major export destinations of the Iranian non-oil goods were China with more than $7.8 billion of imports, Iraq with about $3.4 billion, the United Arab Emirates (UAE) with over $3.1 billion, Türkiye with over $2.6 billion, and India with $904 million.

According to IRICA data, Iran has also imported some 16.3 million tons of non-oil commodities worth over $26.3 billion in the first six months of the present year, with a 13.1% growth in value and a 14.7% decrease in weight, year on year.

The first five items of goods imported into the country in the first half of this year include rice, wheat, maize, soybeans, and mobile phones. The items accounted for 20.6% of the total import value during this period.

The UAE with $7.2 billion was the top exporter to Iran in the said period, followed by China with over $6.8 billion, Türkiye with nearly $2.7 billion, India with almost $1.4 billion, and Russia with $876 million worth of exports.

In April, Alireza Moqaddasi put the country’s non-oil trade at 162 million tons worth $100 billion in the year to March 20.

He said that Iran exported 122 million tons of non-oil products worth $48 billion in the previous year, which was $14 billion (41%) more than the figure for the preceding year.


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