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Iran’s non-oil exports up 7.6% to $13.5b in three months: IRICA
IRICA chief Mohammad Rezvani Far told the Iranian state TV that exports of non-oil goods and commodities from the country had reached $13.5 billion in the three months to June 20, Press TV reported.
Rezvani Far said shipments in the aforementioned period had increased by 5.6% in volume terms compared to the same quarter in 2023 to reach 38 million metric tons (mt). Exports of petrochemicals accounted for nearly 9% of the shipments at 15.6 million mt worth $6.2 billion over the period, he said.
China was the biggest purchaser of Iranian goods in April-June with some $3.56 billion worth of items, followed by Iraq at $3 billion and the United Arab Emirates at $1.9 billion, said the IRICA chief. Imports into Iran rose 1.4% in value terms year on year in the three months to late June to hit $14.3 billion, said Rezvani Far, adding that the shipments had increased by 7.8% in volume terms to reach 9.4 million mt.
Basic goods, which include a list of 25 items subsidized by the Iranian government, accounted for 32% or $4.6 billion worth of imports into the country over the June quarter, he said.
The UAE, the main re-exporting hub in the Persian Gulf, was the largest supplier of goods and commodities to Iran over the three months to late June with $4.5 billion worth of exports, followed by China at $3.9 billion and Turkey at $1.8 billion, the official underlined. Iran’s total trade in the June quarter, including its oil exports of more than $12 billion, reached nearly $40 billion, Rezvani Far said, adding that the country had a trade deficit of 0.8 billion over the period without considering its oil exports.