Iran’s non-oil exports up 7.6% y/y in June quarter to $13.5bn
Iran’s non-oil exports rose by 7.6% in the quarter to late June compared to the same period last year, according to figures announced by the head of the country’s customs office (IRICA).
IRICA chief Mohammad Rezvani Far told the Iranian state TV on Tuesday that exports of non-oil goods and commodities from the country had reached $13.5 billion in the three months to June 20.
Rezvani Far said June quarter shipments had increased by 5.6% in volume terms compared to the same quarter in 2023 to reach 38 million metric tons (mt).
Exports of petrochemicals accounted for nearly 9% of the shipments at 15.6 million mt worth $6.2 billion over the period, he said.
China was the largest buyer of Iranian goods in April-June with some $3.56 billion worth of purchases, followed by Iraq at $3 billion and the United Arab Emirates at $1.9 billion, said the IRICA chief.
Imports into Iran rose 1.4% in value terms year on year in the three months to late June to hit $14.3 billion, said Rezvani Far, adding that the shipments had increased by 7.8% in volume terms to reach 9.4 million mt.
Basic goods, which include a list of 25 items subsidized by the Iranian government, accounted for 32% or $4.6 billion worth of imports into the country over the June quarter, he said.
The UAE, the main re-exporting hub in the Persian Gulf, was the largest supplier of goods and commodities to Iran over the three months to late June with $4.5 billion worth of exports, followed by China at $3.9 billion and Turkey at $1.8 billion, the official said.
Iran’s total trade in the June quarter, including its oil exports of more than $12 billion, reached nearly $40 billion, said Rezvani Far, adding that the country had a trade deficit of 0.8 billion over the period without considering its oil exports.
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