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A glance at Iran's real non-oil trade

1 May 2015 16:39 (UTC+04:00)
A glance at Iran's real non-oil trade

By Dalga Khatinoglu

Iran Custom Administration says the country's non-oil export decreased by 7.7 percent to $2.731 billion, while imports plunged 8.23 percent to $1.971 billion during last Iranian calendar month (March 21 to April 21).

The report, released on May 1 put gas condensate in export items.

Gas condensate, also known as ultra-light oil- shares about one fourth of the country's total non-oil exports.

The latest statistics released by Trade Promotion Organization of Iran (TPOI) indicates that the total amount of Iran's non-oil exports during last fiscal year was $61,760 billion, about 20 percent more than the previous year.

A glance on the details of this report shows that oil-related raw commodities have a huge share in the total "non-oil" exports.

For instance, gas condensate export increased by 36 percent to above $14 billion during the last fiscal year. Or, the value of propane, butane, methanol, polyethylene and bitumen exports was about $8 billion, while the petrochemical products export, of which mostly were semi-raw products, exceeded $14.2 billion.

Top trader partners

The report indicates that the country's five top export targets including China, Iraq, UAE, Afghanistan and India share about 67 percent of Iran's total exports, while top exporters including China, UEA, South Korea, Turkey and India share 70 percent of the country's total imports. About 93.3 percent of Iran's total non-oil exports went Asia, 13 percent more than the previous year, while imports from this continent increased by 5 percent to 77.2 percent.

Iran planned to boost non-oil goods export to $40 billion (without counting gas condensate), but the figure only reached $35.8 billion last year. Services export reached about $11.94 billion, 22 percent more than the previous year.

Iran's non-oil goods export

Last fiscal year

(Bln USD)

Share in total non-oil exports

Y/Y change

(Bln USD)

PGGC

4.496

12.6 %

12 %

Arabic countries

10.863

17.8 %

3 %

Central Asia

1.54

4.3%

5%

Caucasus

0.636

1.8%

-11%

CIS

2.5

7%

-1

EU

0.332

0.9

-10

Iran's imports export

Last fiscal year

(Bln USD)

Y/Y change

(Bln USD)

OIC

16.434

6 %

PGCC

11.399

8%

CIS

1.33

-4%

ECO

4.443

3%

EU

7.62

0

About $34.85 billion worth of the country's total imported goods are intermediate goods, which shares about 68 percent in total imports, while consumer goods with $6.97 billion worth of total import shares 14 percent and capital goods with $9.17 billion shares 18 percent in Iran's total imports during last year.

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