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