Iran’s non-oil exports up 42% in March-November: IRICA
Figures by Iran’s customs office (IRICA) shows that non-oil exports from the country rose by 42% in value terms in March-November to a total of $31.1 billion.
IRICA chief Mehdi Mir Ashrafi said on Saturday that petrochemicals had accounted for 43% of the value and nearly a half of the volume of Iran’s exports in the eight months to November 21.
Largest exports destination over the period included China with $9.1 billion worth of purchases, followed by Iraq at $6.1 billion and Turkey at $3.8 billion, said Mir Asharfi, adding that exports to the United Arab Emirates (UAE) and Afghanistan had amounted to $2.9 billion and $1.27 billion, respectively.
However, Iran had a trade deficit of $900 million in March-November as imports into the country topped $32 billion, an increase of 38% compared to the similar period last year, according to the IRICA figures.
Basic goods had accounted for 38% of the value of all imports into Iran in the eight months to late November, said Mir Asharfi, adding that the government had provided some $9.9 billion of funds to subsidize those shipments at an official exchange rate which is eight times lower than the current market price.
The UAE, the main re-exporting hub in the Persian Gulf, remained the largest supplier of goods to Iran in March-November with $10.1 billion worth of exports to the country, followed by China at $7.2 billion and Turkey at $3.2 billion, said IRICA chief.
Germany and Switzerland were the fourth and fifth largest exporters to Iran over the same period with $1.2 billion and $1.1 billion worth of shipments, he said.
Iran reports slight increase in mining sector exports in April-October
Immunity of Iran’s shipping industry to illegal sanctions
Iran parliament committee approves to lower car import tariffs
VIDEO | Paris march in support of Palestine women
VIDEO | ICC issues arrest warrants for Israeli prime minister, ousted regime war minister
120 Palestinians perish as Israeli war machine keeps ravaging Gaza
VIDEO | Struggles of Palestinian women amidst war, displacement
VIDEO | Hezbollah rains attack drones down on elite Israeli brigade
VIDEO | US biased mediation fails
Leader: All captains of criminal, Zionist, terrorist gang must be prosecuted
Iran further raises its oil prices for Chinese buyers: Report
PressTV NEWSLETTER
now
This makes it easy to access the Press TV website
