Iran’s Non-Oil Export Continues to Fall

Iran’s non-oil trade turnover increased by 6.2 percent to $52.527 billion during the first seven months of the current fiscal year (started March 20. 2017). meanwhile the country experienced a negative trade balance of $3.1 billion.
Iran`s non-oil exports. including gas condensate. reached $24.71 billion during the 7-month period.
The figure indicates a fall by 2.17 percent. compared to the same period of the preceding year. Iran`s Customs Administration reported Oct. 31.
Iran includes gas condensate and some raw hydrocarbon products. like propane. butane. etc. in its non-oil export basket.
The volume of the exported goods had reached 68.058 million tons in the 7-month period.
During the period. the country exported $4.115 billion worth of condensates.
Liquefied propane (worth $809 million). film grade polyethylene (worth $750 million). gasoline excluded light oils and products (worth $725 million) and methanol (worth $661 million) where other top exported goods in the 7-month period (March 20-Oct. 22).
The average price for each ton of Iran`s non-oil goods in the mentioned period was around $363. indicating a rise of 8.04 percent. year on year.
China was the main importer of the Iranian goods during the 7-month period. Iran’s non-oil exports to China registered a rise by 12 percent and stood at $5.022 billion.
Iraq ($4.013 billion. increase of 12.54 percent). the United Arab Emirates ($3.471 billion. fall of 16.11 percent). South Korea ($2.444 billion. an increase of 24.79 percent) and Afghanistan ($1.584 billion. fall of 16.11 percent) were other top importers of Iranian non-oil goods during the first seven months of current Iranian fiscal year.

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