Publishe Date: 4:51 PM - 8/3/2014 | Print

Iran's Non-Oil Exports Exceed $8bln in 3 Months

Economy - Iran's non-oil exports surpassed USD 8 billion in the first three months of the current Iranian year (March21- June 22), a report by Iran's Trade Promotion Organization announced on Sunday.





Iran exported $8.1 billion of non-oil goods, with the exception of gas condensates, in the first three months of the current year showing a five percent growth as compared with the corresponding period in the last year, TPO Director for Planning Hossein Badri said today.

Iran’s main export destinations, in descending order, were China, Iraq, the UAE, Afghanistan and Turkey. These countries accounted for 70 percent of the total value of Iran's exports in the said period, according to the official.

Last month Iranian Minister of Industry, Mine and Trade Mohammad Reza Nematzadeh announced the country's plans to further increase its non-oil exports.

Iran plans to augment exports of its non-oil commodities to $50bln by the end of the current Iranian year (ending March 20), Nematzadeh said, addressing a ceremony for inauguration of an investment project in Tehran.

In April, a customs office report said that Iran's trade balance with 83 world countries surpassed $92bln last year.

The report said Iran's imports of non-oil goods amounted to $50.818bln last year.

The share of gas condensates in Iran's non-oil exports hit $10.295bln in the same period, it added.

Iran also imported $3bln worth of cars which showed an increase in comparison to the year before. The country imported 78,785 cars last year, according to the report.

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