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Iran’s Non-Oil Trade Balance Stands At $1.4 Billion

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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.

Germany also increased exports to Iran by 26.04 percent to $1.122 billion.qrafik_081016

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