Baku, Azerbaijan, May 27
Trend:
Iran’s trade balance stood at $942 million in the current fiscal year, started March 20, the country’s Customs Administration said.
After closing the last fiscal year with a negative trade balance, Iran’s trade balance experiences second month of positive balance in the current fiscal year.
Iran’s non-oil exports, including condensates have witnessed an increase by over 22 percent during the first two months of the current fiscal year (March 20-May 21).
The customs administration said that the country’s non-oil exports, including gas condensate, reached $7.739 billion during the period.
The volume of the exported goods reached 18.8 million tons in the 2-month period.
The country includes gas condensate and some raw hydrocarbon products, like propane, butane, etc. in its non-oil export basket.
During the period, the country exported $1.029 billion worth of condensate (10.54 percent more year-on-year), followed by liquefied propane (worth $335 million), light oils excluding gasoline ($274 million), film grade polyethylene ($232 million) and petroleum gases and liquefied hydrocarbons ( $203 million).
The share of other commodities amounted to $4.391 billion, 40.54 percent more year-on-year.
Iran’s petrochemical exports accounted to $2.318 billion, registering a rise by 1.2 percent compared to the same period of the preceding year.
China was the main importer of the Iranian goods during the period. Iran’s non-oil exports to China registered a rise by 2.9 percent and stood at $1.45 billion.
The United Arab Emirates ($1.37 billion, increase of 44.67 percent), Iraq ($1.16 billion, 11.9 percent increase), Afghanistan ($577 million, increase by 45.2) and India ($460 million, fall of 14.54 percent) were other top importers of Iranian non-oil goods during the last Iranian fiscal year.
