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Iran $44 billion trade with the world in first half of current Iranian year

Iran’s total non-oil foreign trade during the first half of the current Iranian year stood at $44.13 billion, indicating a 6 rise compared with last years corresponding period.

(SHADA: TEHRAN) -- According to the latest report by the Islamic Republic of Iran Customs Administration (IRICA), non-oil exports during the period hit 58.63 million tons worth $20.54 billion, indicating a 3.2% decline year-on-year.

Non-oil imports amounted to 17.19 million tons worth $23.59 billion, up 15.37% YOY. Increased imports of cars, auto parts, capital goods and some basic goods are the main reasons behind the rise in imports.

Petrochemicals ($7 billion), followed by gas condensates ($3.52 billion), polyethylene ($750 million), liquefied propane ($686 million), light crude oil, excluding gasoline ($638 million), and methanol ($593 million) were the main exported commodities.

Imports mainly included rice ($996 million), field corn ($799 million), vehicles of engine displacement between 1500cc and 2000cc ($582 million), auto parts ($551 million), soybean ($456 million).

Iran’s major export destinations included China with $4.31 billion worth of goods, Iraq with $3.18 billion, the UAE with $2.95 billion, South Korea with $2.06 billion, and India with $1.33 billion.

Major exporters to Iran included China with $5.69 billion, the UAE with $4 billion, Turkey with $1.67 billion, South Korea with $1.51 billion, and India with $1.35 billion.