By Emil Ilgar
Iran’s non-oil trade balance stood at $1.398 billion in the first half of the current fiscal year(started on March 21).
According to the monthly report of Iran’s Custom Administration, Iran exported $21.706 billion worth of commodities, 5.99 percent more than in the same period of the last fiscal year, while its imports decreased by 2.61 percent to $20.308 billion.
Iran includes gas condensate and liquid gases in its non-oil export basket, while the total amount of Iran’s gas condensate, propane, butane and other liquid gases was about $7 billion.
|Iran’s exports in 1HFY||Volume (million tons)||Y/Y change||Value (billion $)||Y/Y change|
|Gas condensate||8.901||– 3.36%||3.496||– 12.85%|
|Petrochemical products||18.719||+ 53.50%||8.698||+ 22.04%|
|Other commodities||31.512||+ 22.49%||9.512||+ 1.84%|
|Total||59.132||+ 25.46%||21.706||+ 5.99%|
China was Iran’s major trade partner during the last six months. According to the report, China shares 18.43 percent of Iran’s total non-oil exports as well as 23.93 percent of Iran’s total imports.