Iran’s August non-oil foreign trade up 25.4% versus year earlier

Iran has reported non-oil foreign trade worth $8.109 billion in the calendar month to August 22, up 25.4% from the same month in 2021.

Figures by the Iranian customs office (IRICA) published on Wednesday showed that non-oil trade between Iran and the rest of the world had increased by 10.6% in volume terms year on year in August to reach 11.325 million metric tons (mt).

Exports from Iran rose 18% in value terms against August 2021 to reach $3.648 billion, showed the figures.

China remained the main customer of Iranian non-oil exports in August with $1.106 billion worth of purchases, up just 1% from last year, showed the customs data.

Iraq bought some $563 million worth of goods from Iran in August, an increase of 38% from last year, said IRICA , adding that purchases by the United Arab Emirates (UAE) had risen by 89% over the same period to reach $517 million.

Iran sells over $9bn worth of petrochemicals in April-August: IRICA

Iran’s customs figures show petrochemicals sales reached $9.14 in the five months to late August.

IRICA figures showed that imports into Iran over the calendar month to late August had reached 2.906 million mt worth $4.425 billion, an increase of 32% in value terms compared with the same month in 2021.

The UAE, the largest re-exporting hub in the Persian Gulf, was the main supplier of goods and commodities to Iran in August with $1.199 billion worth of exports, showed the figures.

The Iranian customs office said that China’s and Turkey’s August exports to Iran had amounted to $1.096 billion and $379 million, respectively.

It said that India had bought some $162 million worth of Iranian non-oil exports in August, up 37% against last year, adding that India's exports to Iran had increased by 362% over the same month to reach $300 million.

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