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Iran’s non-oil trade reached $43.94 billion during the first five months of the current Iranian year, covering a total volume of 76.53 million tons of goods, according to Faroud Asgari, Deputy Minister of Economy and Head of the Islamic Republic of Iran Customs Administration (IRICA).
Export and Import Overview
- Non-oil Exports:
61.33 million tons of goods worth $20.91 billion were exported. This marks a 0.7% increase in weight but a 6% decrease in value compared to the same period last year. - Imports:
15.20 million tons of goods worth $23.02 billion were imported, showing a 5.4% decline in weight and a 16.3% drop in value.
Key Exported and Imported Commodities
- Exports: Natural gas, liquefied propane and butane, petroleum bitumen, and methanol.
- Imports: Raw gold, corn, sunflower seed oil, rice, and soybeans.
Petrochemical Exports
Iran exported 21.88 million tons of petrochemical products valued at $8.63 billion, reflecting a 12% decrease in weight and 13% decline in value.
Main Trade Partners
- Exports: China, Iraq, the UAE, Turkey, Afghanistan, Oman, and Pakistan.
- Imports: The UAE, China, Turkey, India, Germany, Russia, and the Netherlands.
Conclusion
Despite a slight decline in value, Iran’s non-oil trade remains resilient, with strong performance in regional markets. Strengthening partnerships with key countries is expected to further stabilize and expand Iran’s trade outlook.
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