Baku, Azerbaijan, Feb. 20
By Gazenfer Hamidov – Trend:
The latest data released by Trade Promotion Organization of Iran (TPOI), shows that two European countries have taken spots among Iran’s top non-oil exports destinations.
Italy and Germany were the only European countries in the top 20 of Iran’s non-oil export destinations in the first 10 months of the current fiscal year (started March 20, 2017).
Germany imported $282 million worth of goods from Iran in the 10-month period and stood at 18th place, meanwhile Italy ranked 17th with $314 million worth of imports.
Iran’s exports to Germany witnessed a rise by 11 percent in terms of value, however Italy’s imports from the Islamic Republic decreased by 23 percent.
Iran exported 38,000 tons of goods to Germany, 21 percent more year-on-year. the country’s exports to Italy amounted to 563,000 tons, 22 percent less compared to the first 10 months of the preceding fiscal year.
Over 65 percent of Iran's export was targeted to five Asian countries, including China, the UAE, Iraq, South Korea and Turkey during the first 10 months of the current fiscal year.
China, Iran’s traditional trade partner from the sanctions period, has maintained its position as the Islamic Republic’s top trade partner in the period.
Over 20.6 percent of Iran’s non-oil exports went to China in the first 10 months of the current fiscal year (March 20-Jan. 21). During the period, Iran exported $7.422 billion worth of goods to China, 11 percent more, compared to the same period of the preceding year.
Under the sanctions, the Islamic Republic shifted its trade eastward, and expanded economic ties with countries such as China and India.
Iran exported $5.135 billion worth of goods to the UAE, which marked 13.8 percent of Iran's total exports’ value. Meanwhile, Iran’s exports to the UAE registered a fall by 19 percent year-on-year.
Iraq ($5.04 billion), South Korea (with $3.412 billion), Turkey ($3.155 billion), India ($2.277 billion), Afghanistan ($2.223 billion), Pakistan ($730 million), Thailand ($586 million), Indonesia ($465 million), Oman ($416 million), Taiwan ($383 million), Japan ($379 million), Turkmenistan ($356 million), Vietnam ($328 million), Hong Kong($319 million), Azerbaijan ($245 million) and Syria($219 million) were the other top importers of Iranian goods.
The value of exports to Turkey, which was fourth target of Iran’s non-oil exports last fiscal year, had registered an increase by 11 percent.
The country’s exports to the UAE, Japan and Oman registered fall of 19, 63 and 14 percent. Iran’s exports to India, Vietnam, Taiwan and Turkmenistan also witnessed a fall by 3, 12, 21 and 18 percent, respectively in terms of value, year on year.
Meanwhile, exports to Indonesia and Thailand witnessed huge rise by 267 and 150 percent, in terms of value, respectively.
Iran’s exports to South Korea and Syria had also increased by 33 percent and 24 percent, respectively.
Iran’s exports to Hong Kong (14 percent increase), Pakistan (9 percent) and Afghanistan (6 percent) also witnessed growth in the period.
