Over 68% of Iran’s non-oil exports fall on 5 countries

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    Trend: Five countries, including China, Iraq, UAE, South Korea and India have imported 68.7 percent of Iran’s total non-oil goods (including gas condensate) in terms of value, in the first five months of the current fiscal year (March 20-Aug. 22), according to the latest statistics released by Trade Promotion Organization of Iran (TPOI).

    Iran’s total non-oil exports (including gas condensate) in the first five months of current Iranian fiscal year (started March 20, 2017) stood at $17.193 billion, which indicates a fall of 5 percent, year-on-year.

    China was the main importer of goods from Iran, in the mentioned period. The country’s imports accounted for 21.8 percent of Iran’s total exports, in terms of value. During the period, Iran exported $3.743 billion worth of goods to China, 10 percent more, compared to the same period of the preceding year.

    Iran also exported $2.604 billion worth of goods to the Iraq, which marks 15.1 percent of Iran’s total exports’ value.

    The UAE ($2.583 billion), South Korea (with $1.676 billion), India ($1.199 billion), Afghanistan ($1.056 billion), Turkey ($608 million), Pakistan ($297 million), Thailand ($250 million) and Taiwan($233 million) were the other top importers of Iranian goods.

    The exports to Turkey, which was fourth target of Iran’s non-oil exports last fiscal year, had registered a huge fall by 59 percent.

    The country’s exports to the UAE and Pakistan also registered fall of 15 and 11 percent. Meanwhile, exports to Thailand and Taiwan witnessed rise by 173 and 44 percent respectively.

    Iran’s exports to South Korea and Afghanistan had also increased by 8 percent and 9 percent, respectively.

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