$ 650 million monthly non-oil trade balance reached

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TEHRAN- Iran recorded a monthly non-oil trade balance of $ 650 million in Iran’s seventh calendar month Mehr (September 23-October 22), spokesman for the Islamic Republic’s Customs Administration said of Iran (IRICA).

Ruhollah Latifi valued monthly non-oil trade at 19.554 million tonnes worth $ 9.886 billion.

Non-oil exports amounted to 15.187 million tonnes worth $ 5.268 billion, with an 8% increase in value and 5% growth in weight compared to the same month of the last year, he said.

Significant 5.852 million tonnes of non-oil products worth $ 1.643 billion, Iraq was Iran’s top export destination in month seven, followed by China, Turkey, and the Arab Emirates. United and Afghanistan, he added.

The official estimated monthly non-oil imports at 4.367 million tonnes worth $ 4.618 billion, growing 48% in value and growing 64% by weight on an annual basis.

The United Arab Emirates was the first source of imports to Iran, exporting 949,000 tonnes of products worth $ 1.291 billion, followed by China, Turkey, Switzerland and the United Arab Emirates. Germany, he said.

Meanwhile, as previously announced by the head of IRICA, the value of Iran’s non-oil trade increased by 43% in the first seven months of the current Iranian calendar year, compared to the same period last year.

Mehdi Mir-Ashrafi said Iran traded over 98 million tonnes of non-oil products worth $ 54.8 billion with other countries during the period mentioned.

According to the head of IRICA, the volume of trade during the mentioned period also increased by 16.5% compared to the figure for the previous year.

The official estimated seven-month non-oil exports at 75.2 million tonnes worth $ 27.1 billion, with a 47 percent increase in value and 15 percent growth in weight.

Mir-Ashrafi mentioned natural gas, methanol, polyethylene, semi-finished iron products, liquid propane, iron ingots, iron bars, urea, copper and bitumen as the main exported products. during the said period.

He said the main export destinations for Iranian non-oil products were China with about 16.9 million tons worth $ 7.7 billion, Iraq with 19.7 million tons of worth $ 5.5 billion, Turkey with 11 million tons worth $ 7.4 billion, the United Arab Emirates (UAE) with 6.6 million tons worth 2, $ 6 billion, and Afghanistan with 2.8 million tonnes worth $ 1.1 billion.

The official further announced that Iran imported 23.5 million tonnes of non-oil raw materials worth $ 27.7 billion in the first seven months of the current year, with growth by 38% in value and a 21% increase in weight year over year.

Mir-Ashrafi named commodities, machinery, feed inputs and raw materials for production units as the main imported products.

The United Arab Emirates with 6.9 million tonnes of goods valued at $ 8.6 billion was the top exporter to Iran during the said period, followed by China with 1.9 million tonnes of goods worth 6.1 billion dollars, from Turkey with 2.5 million tons worth 2.9 billion dollars and from Germany with 512,000 tons worth a billion dollars, the official said.

According to the head of IRICA, of the total non-oil products imported into the country in the first seven months of this year, 16.6 million tonnes worth $ 11 billion were commodities.

Mir-Ashrafi announced that Iran’s non-oil trade was worth $ 73 billion in the last Iranian calendar year.

He estimated the non-oil trade weight at 146.4 million tonnes, and said the figure shows an annual decline of 25 million tonnes, which is the result of the sanctions and the coronavirus pandemic.

Iran’s non-oil exports were 112 million tonnes valued at $ 34.5 billion, and imports were 34.4 million tonnes valued at $ 38.5 billion last year , added the manager.

Among the country’s non-oil export destinations, China was first with $ 8.9 billion in product imports, Iraq was second with $ 7.3 billion in imports, the United Arab Emirates the third with 4.6 billion dollars in imports, Turkey the fourth with 2.5 billion dollars in imports, and Afghanistan the fifth with 2.2 billion dollars in imports, announced Mir-Ashrafi , and named gasoline, natural gas, polyethylene, propane and pistachio as the main products exported by Iran in the past year.

He further named the main sources of Iran’s non-oil imports during this period, such as China with exports of $ 9.7 billion worth of products to the Islamic Republic, the United Arab Emirates with 9.7 billion dollars. $ 6 billion, Turkey with $ 4.3 billion, India with $ 2.1 billion and Germany with $ 1.8 billion. billion, respectively, and mentioned corn, cellphones, rice, oil cakes and oilseeds, wheat and crude oil as the main imported items.

MOM


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