Commodities feed: Non-oil trade exceeds $6.7 billion

The export went down in the first month of the current Iranian calendar year (March 21-April 20). The value of Iran’s non-oil trade was $6.732 billion.

Compared to the previous year, the country exported 10.471 million tons of non-oil products worth $3.645 billion. It shows a 12.93 percent decrease in value and a 17.76 percent increase in weight.

The largest exported goods were liquefied natural gas, liquefied propane, liquefied butane, iron/steel ingots, and methanol. Besides, the top export destinations of Iranian non-oil exports in the first month were China, Iraq, Turkey, the United Arab Emirates (UAE), and India.

In the first month of this year, Iran imported 1.829 million tons of non-oil goods for $3.087 billion. That is a 13 percent decrease in value and a 24.79 percent decrease in weight.

The main imported products were corn for animal feed, soybeans, rice, mobile phones, and vehicle components, with the UAE, China, Turkey, Germany, and India being the leading importers.

According to the spokesman for the Trade Development Committee of the Iranian House of Industry, Mining, and Trade, the value of Iran’s non-oil exports increased by 10%.

According to Ruhollah Latifi, Iran exported 122.056 million tons of non-oil goods worth $53.166 billion last year.

Iran’s global oil trade report

According to the official, the first five export destinations of Iranian goods in 1401 were China, Iraq, Turkey, India, and the UAE. China with $14.584 billion in commodity purchases (no change). Iraq with $10.238 billion (15 percent growth). Turkey with $7.459 billion (23 percent growth). Lastly, the United Arab Emirates with $5.767 billion (28 percent growth), and India with $2.146 billion (18 percent growth).

According to the official, the country’s non-oil commerce reached 159.236 million tons worth $112.821 billion in the previous year, representing an 11.2 percent increase yearly.