Iran Records $32b in Exports Over Seven Months

TEHRAN (Iran News) Citing new data released by the Iran Trade Promotion Organization (TPO), Mohammad Sadegh Ghanadzadeh, acting deputy for trade services at the TPO, said that although non-oil exports continue to grow, simultaneous domestic and international efforts are required to expand the sector further.

Ghanadzadeh stated that improving export infrastructure, supplying refrigerated containers, reforming customs procedures, and resolving exporters’ currency obligations are among the priorities currently being addressed.

He added that facilitating foreign currency repatriation and expanding export-related infrastructure are key programs being implemented.

The official also highlighted ongoing efforts to strengthen commercial relations with neighboring and regional countries. Several preferential trade agreements have been signed with countries in Eurasia and surrounding regions, and additional agreements with Oman, Kuwait, Qatar, and the United Arab Emirates are under consideration. These moves aim to ease foreign trade and address internal challenges such as border trade restrictions and maritime trade regulations.

The average value of exported goods during this period stood at $348 per ton, reflecting a 4.92% decrease compared to the same period last year.

The main non-oil export products included: Natural gas  $2.796 billion; Liquefied propane $2.099 billion; Petroleum bitumen $1.381 billion; Liquefied butane 1.358 billion; Methanol $1.337 billion; Non-alloy steel and iron billets $1.183 billion; and Urea 1.028 billion.

Top export destinations were China ($8.227B), Iraq ($5.823B), UAE ($4.500B), Turkey ($3.714B) and Afghanistan ($1.405B).

Iran imported 22.3 million tons of goods worth $34.2 billion, with the average value of imported commodities at $1,533 per ton, a decrease of 17.39% compared to last year.

The leading imports included: Gold (bullion) 2.132 billion; Animal feed corn $1.890 billion; Sunflower oil 1.306 billion; Smartphones $1.058 billion; Rice $1.045 billion and Auto parts (CKD) $727 million.