Iran’s non-oil exports surpass pre-US JCPOA exit

Iran’s non-oil exports surpass pre-US JCPOA exit

Iran Newspaper reported on Tuesday that new statistics of Iran’s foreign trade show the economic exchanges reached 122 million tons worth 72.1 billion dollars in nine months of the current Iranian year. The export of non-oil commodities amounted to 92 million tons worth 35.1 billion dollars, indicating an eight-percent increase in terms of weight and 40-percent hike in terms of value compared the statistics in the same period last Iranian year.

Reviewing Iran’s exports in nine months in recent six years shows that the same hike has been experienced in non-oil exports.

Abdolnaser Hemmati, former Governor of the Central Bank of Iran, believes that the jump in exporting commodities has its roots in price hike of oil products, but observations indicate that other factors have been playing a role in this respect.

Five groups of export commodities, including metals, plastics, fruits, copper, and chemical products, have had a big share in expansion of Iran’s exports. More than seven billion dollars out of the $10b hike of Iranian export in the first nine months of this year derived from these items.

The Islamic Republic of Iran Customs Administration declared that it expects the volume of export to reach 47 billion dollars by the end of the year (March 20, 2022).

According to IRICA, China, Iraq, Turkey, the United Arab Emirates, and Afghanistan stood first to fifth in the ranking of export destinations of the Iranian goods in the mentioned period. The UAE, China, Turkey, Germany, and Switzerland were the first five exporters of commodities to the Islamic Republic of Iran in the same period.


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