News ID: 233031
Published: 0416 GMT October 19, 2018

Iran H1 non-oil exports to neighbors near $13b

Iran H1 non-oil exports to neighbors near $13b

Iran exported almost $13 billion worth of non-oil goods to its 15 neighboring countries (by land and maritime borders) during the first half of the current Iranian year (March 21-Sept. 22), marking a 27.96 percent increase in value compared with the same period of last year.

The statistics of the Islamic Republic of Iran Customs Administration (ICA) show that Iran exported more than 56.6 million tons of non-oil products during the period, registering a 3.27 percent drop in tonnage.

Overall, Iran exported more than $23 billion of non-oil goods during the same period, while $22.1 goods were imported, producing a trade surplus of $940 million for Iran.

Iran’s neighboring countries by land -- namely Afghanistan, Pakistan, Azerbaijan, Turkey, Iraq, Turkmenistan and Armenia -- as well as neighboring countries by maritime borders -- namely Oman, Qatar, Kuwait, United Arab Emirates, Bahrain, Kazakhstan, and Russia – were among the list of Iran’s 100 export destination.

Only Saudi Arabia, which has maritime border with Iran, did not make it to the list as Tehran-Riyadh relations have significantly soured in recent years.

Iran’s exports to its seven neighboring countries by land registered a 30.69 percent increase in value and 27.65 percent in tonnage against the same period of last year.

Turkey and Turkmenistan were the only two neighboring countries of Iran by land that witnessed a drop of Iran’s imports.

Iran’s exports to its eight neighboring countries by maritime border marked a 25.24 percent increase in value and 14.78 percent in tonnage during the same period.

Exports mainly included agricultural and dairy products, petrochemicals, home appliances and confectionery.

 

Iraq top importer

ICA data shows that Iraq topped the list of neighboring countries’ imports from Iran during the period, with 9.6 million tons of goods worth $4.563 billion being exported to the country.

Exports to Iraq posted a 44.58 percent increase in value and 45.32 percent in tonnage against the same period of last year, accounting for almost 17 percent in weight and 20 percent in value of total Iran’s export.

The UAE followed with 8.9 million tons of goods worth $4.06 billion, registering an increase of 33 percent in value. The amount of export’s tonnage to the Persian Gulf country remained almost flat year-on-year.

 

Biggest import growth

Among Iran’s neighbors, Kuwait saw the biggest growth of imports from Iran followed by Armenia YOY.

A total of 1.82 million tons of goods worth $141.1 million were exported to the Arab country during the period, registering an increase of 75.52 percent in weight and 34.71 percent in value compared with the same period of last year.

Exports to Armenia hit 243, 971 tons worth $73.17 million, posting a year-on-year increase of 66.58 percent in weight and 37.86 percent in value.

 

Turkey’s imports declined

Iran’s exports to Turkey witnessed a decrease in the same period, registering a 51.3 percent and 21.26 percent decline in tonnage and value respectively.

A total of 1.03 million tons of goods worth more than $735 million were exported to the country during the period, accounting for almost 1.82 percent in weight and 3.18 percent in value of total Iran’s export.

 

 

 

 

 

 

   
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