The Islamic Republic increased its export target by $3 billion for the current fiscal year (March 20, 2017-18) to $53 billion, despite the fact that non-oil exports stood at $43.93 billion in the one-year period to March 2017, Trend News Agency reported.
Iran's non-oil exports registered a 2.4-percent decline in terms of value, year-on-year during the nine-month period to Dec. 21, 2017, according to Islamic Republic's Trade Promotion Organization (TPO).
Iran's annual target of earning $53 billion from non-oil exports has materialized by 60 percent during the nine months to December 21, 2017.
Raw materials constitute a major portion of Iran's non-oil export basket. Gas condensates, propane, butane and some other raw petroleum products — which Iran puts in the non-oil exports basket — was the top exported goods during the nine-month period.
During the period, the country had exported condensates valued at $5.098 billion (which is three percent less, year on year).
Liquefied propane (worth $1.068 billion, 22 percent increase), methanol (worth $835 million, 25 percent more year-on-year), gasoline excluding light oil products (worth $810 million, 50 percent fall), iron ore (worth $765 million, 50 percent increase), film grade polyethylene (worth $750 million, 5 percent increase), pistachio($677 million, 10 percent fall), liquefied butane ($652 million, 16 percent increase) and semi-completed iron and steel products (worth $614 million, 340 percent increase where other top exported goods in the nine-month period.
As is evident, all of Iran's top exports are raw materials or semi-processed oil and mineral products.