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.
Please Donate Today
Did you enjoy this article? Then please consider donating today to ensure that Eurasia Review can continue to be able to provide similar content.