Iran’s February trade up 52% y/y to $9.85bn: IRICA

Iranian customs offices (IRICA) figures show the country’s foreign trade (excluding crude) rose by 52% year on year in the calendar month to late February.

IRICA spokesman Rouhollah Latifi said on Wednesday that the total value of Iran’s non-oil trade amounted to $9.858 billion in the month to February 19.

Latifi said trade had risen by 45% in volume terms over the same period as shipments reached a total of 15.799 million metric tons.

Iranian exports in February was up 64% against the similar month in 2021 as the country sold $4.754 billion worth of goods in overseas markets, said the official, adding that February exports were up 31% from January.

China was the top buyer of Iranian export cargoes in the calendar month to late February with $1.18 billion worth of purchases, showed IRICA figure.

Chinese imports from Iran rose by 56% against February 2021 although shipments had dropped 6% from January this year, according to the same figures.

Iran eyes $55bn in non-oil exports revenue for year to March 2023

Iran says non-oil exports will reach $55 billion in the calendar year to March 2023.

However, Turkey’s imports from Iran jumped by nearly 170% month on month to reach $1.076 billion, an increase of more than five times against February last year.

It is a first time in years that Turkey’s monthly imports from Iran exceeds those of Iraq as the Arab country took delivery of $927 million worth of goods from Iran in the month to February 19, up 80 against the previous month and 103% more from the similar month in 2021.

Latifi said that imports into Iran had increased by 42% in value terms year on year to reach $5.104 billion in February.

Largest suppliers were China with $1.571 billion of shipments, followed by the United Arab Emirates at $1.271 billion and Turkey with $472 million, said the official.

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