Non-oil exports register 18% rise in 10 months: TPO
Non-oil exports from Iran reached approximately $48 billion in the first 10 months of the current year (March 20, 2024-January 19, 2025), marking an 18% increase compared to the same period last year, according to figures by the Trade Promotion Organization.
During this period, Iran’s total foreign trade amounted to 158.18 million tons, valued at $103.846 billion. Of this, more than 127.396 million tons, worth $47.755 billion, were attributed to exports, reflecting a 12% increase in volume and an 18% rise in value, IRNA wrote.
China, Iraq, the United Arab Emirates, and Turkey were the primary destinations for Iran’s non-oil exports, with China importing $12.3 billion worth of goods, followed by Iraq at $10 billion, the UAE at $5.9 billion, and Turkey at $5.5 billion.
Meanwhile, Iran imported 30.783 million tons of goods valued at $56 billion during the same period, representing a 3% decrease in volume but a 3% increase in value compared to the previous year.
Major exported goods included natural gas, liquefied propane, methanol, liquefied butane, and bitumen.
Key imports during this period included $6.3 billion worth of gold bullion, $2.3 billion in animal feed corn, $1.8 billion in smartphones, and $1.6 billion in soybean meal.
The UAE was the largest source of imports at $17 billion, followed by China ($14.4 billion), Turkey ($9.9 billion), and Germany ($1.9 billion).
Additionally, 41,297 vehicles valued at $877 million were imported into Iran by the end of the 10th month of the year (January 19), reflecting a 709% increase in quantity and a 744% rise in value compared to the same period last year.