Alireza Moghadasi says Iran exported 44 million tons of non-oil commodities in the mentioned five months which was 3.5 percent less than the figure for the previous year’s same period.

Meanwhile, some 14 million tons of goods valued at $21.665 billion were imported into the country, indicating a 19-percent rise in terms of value compared to the last year’s same time span, he said.

The weight of the imported goods declined by 8.5 percent, year on year, the official added.

In total, the Islamic Republic traded about 58 million tons of non-oil goods worth $42.589 billion with its trade partners in the first five months of the current Iranian calendar year, up about 23 percent in terms of value.

Iran’s top export destinations during this period were China, Iraq, United Arab Emirates (UAE), Turkey, and India, according to Moghadasi.

Liquid propane, methanol, liquefied natural gas, polyethylene, iron, and steel ingots were among the top exported items in the said five months.

The country’s top five sources of imports during these five months were the UAE, China, Turkey, India, and Russia.

As previously announced by Moghadasi, the value of Iran’s non-oil trade rose 38 percent in the past Iranian calendar year 1400, as compared to the previous year.

Moghadasi put the country’s non-oil trade at 162 million tons worth $100 billion in the past year.

He said that Iran exported 122 million tons of non-oil products worth $48 billion in the previous year, which was $14 billion (41 percent) more than the figure for the preceding year.

The country’s non-oil trade record in 1400 was reached while the toughest sanctions were imposed on Iran, but thanks to God and the efforts of entrepreneurs, producers, and the cooperation of foreign trade-related organizations, a historical record was achieved in the past year which was unprecedented in recent decades, the official has underlined.

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Alireza Peymanpak, who serves as head of Iran’s Trade Promotion Organization, said that engineering services exports would account for nearly 10% of Iran’s total exports over the next calendar year.

Peymanpak said that Iran plans to increase shipments to countries in Southeast Asia and Africa to meet the target.

Figures by the Iranian customs office (IRICA) shows that Iranian exports topped $45 billion in the 11 months to late February, an increase of nearly 40% from the similar period over 2020-2021.

Engineering services exports accounted for a bulk of the growth reported in Iran’s non-oil exports over the period with IRICA figures suggesting that earnings from those services had nearly quadrupled year on year.

The export target set for next calendar year would be an increase of 14.5% from figures projected for the year to March 2022.

Peymanpak said that Iran will dispatch more commercial attaches to its embassies around the world to boost exports. He said the number of those attaches will more than triple next calendar year to cover 30 missions.

Iran has reported increased activity in non-oil trade sector since the United States imposed sanctions on the country’s crude sales in 2018.

Meanwhile according to reports, petrochemicals have accounted for a bulk of Iranian exports in recent years thanks to a major boom reported in the sector because of government’s expansion strategies.

Iran has also benefitted from increased shipments of minerals to East Asia while food exports to neighbors have increased consistently since 2019.

Iran’s crude oil exports rose to above 1 million barrels per day (bpd) at the start of this year and continued to remain above that level over January and February, shows a new report citing data by tanker tracker services.

The Tuesday report by Reuters news agency said that Iran’s oil sales to China reached record levels of above 700,000 bpd in January as independent refiners in the East Asian country increased their purchases to both enjoy discounts offered by Iran and to comply with China’s internal regulations.

The report said China’s oil imports from Iran had exceeded levels seen before the United States imposed sanctions on Iran in 2018 when Washington decided to pull out of an international deal on Tehran’s nuclear program.

However, figures by a single tanker tracker service cited in the report showed that Chinese purchases of Iranian oil had amounted to 780,000 bpd in November-December on average.

The major increase in Iranian oil exports comes despite relentless efforts by the US in recent years to hurt Iran’s economy through sanctions targeting the country’s massive energy sector.

The report by Reuters said that Iran’s oil sales to private buyers in China had generated more than $20 billion in revenue over the past two years.

It said that Iran is unlikely to stop supplying oil to those buyers even after it reaches an agreement with world powers to revive the nuclear deal.

Talks on saving the deal have intensified in recent weeks in Vienna where Iranian and American diplomats have been holding indirect negotiations.

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According to Ruhollah Latifi, Iran exported 8.579 million tons of non-oil commodities to foreign destinations in the mentioned month, IRNA reported.

The country’s non-oil exports in the said month also increased by 3.3 percent and 13 percent in terms of weight and value, respectively, compared to the previous month, the official stated.

Latifi put the value of the country’s total non-oil trade in the mentioned month at $7.83 billion.

Some 11.9 million tons of such goods were traded in the period under review, of which 3.321 million tons were imports, according to the official. The value of the imported goods stood at $3.731 billion, he stated.

Among the country’s non-oil export destinations, China was the first, importing $1.089 billion worth of products from Iran, Iraq was the second importing $525 million, the United Arab Emirates the third importing $432 million, Turkey the fourth importing $211 million, and Afghanistan the fifth importing $190 million, Latifi announced.

He further named Iran’s top sources of non-oil imports in the said time, as the UAE with $1.055 billion worth of exports to Iran, China with $832 million, Turkey with $395 million, Switzerland with $227 million, and Germany with $171 million, respectively.

The value of Iran’s non-oil exports reached $6.3 billion in the first two months of the current Iranian calendar year (March 21-May 21), up 48 percent compared to the last year’s same period.

Iran exported 16.9 million tons of non-oil commodities including gasoline, polyethylene, methanol, iron, and steel ingots and steel products to foreign destinations in the mentioned two months, according to IRICA Head Mehdi Mir-Ashrafi.

Meanwhile, some 5.3 million tons of goods valued at $6.5 billion were also imported into the country in the said period to register a 26.5-percent rise compared to the last year’s same two months.

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Seyed Ali Mousavi, the deputy head of Arvand Free Zone Organization for investment and economic affairs, said the exported goods included construction materials, clinker, minerals, bitumen and various industrial oils, dates and dairy products, and were exported from the port of Shalamcheh and the ports of Khorramshahr and Abadan, which are located within the Arvand Free Zone.

These goods have been exported to Iraq, Kuwait, the United Arab Emirates, Qatar, China, Australia and Germany, and some Central Asian countries, he added.

The official had previously announced that this zone attracted $52 million in the form of approved foreign investment projects during the past Iranian calendar year (ended on March 20).

He said the status of investment making is proper in this zone despite the sanctions.

Over the past two decades, free and special economic zones have played a significant role in Iran’s economy, and the Iranian government has been seriously pursuing a program for the development of the existing zones and establishing new ones.

According to Morteza Bank, the former secretary of Iranian Free Zones High Council, over 40 percent of Iran’s exports are done through the country’s free trade zones and special economic zones and $169 billion worth of commodities have been exported from these areas in the past seven years.

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Director-General of Iran’s Customs Administration, Mehdi Mirashrafi, said on Wednesday: “Last month, 22 million and 200,000 tons of export and import goods worth of 12 billion and 800 million dollars were exchanged between the Islamic Republic of Iran and other countries, which compared to that of the same period last year, in terms of weight and value, they grew by 6.6% and 38%, respectively.”

The director-general of Iran’s Customs Administration added: “Iran’s exports mainly included gasoline, polyethylene, methanol, iron and steel ingots as well as steel industries.”

Mirashrafi said: “This volume of exported goods shows a 17% increase in weight and 48% in value compared to that of the same period last year.”

Regarding the volume of goods transit, the director-general of Iran’s Customs Administration also said: “During this period, 1,841,000 tons of goods have been transited through the territory of Iran, which shows a 142% growth compared to that of the same period last Iranian year (starting on March 21, 2020).”

Meanwhile yesterday a member of board of directors of Iran-Iraq Joint Chamber of Commerce said that Iran’s exports to Iraq in the first two months of the current year have declined by 25% and he blamed the month of Ramadhan and Eid-ul Fitr holidays as well as devaluation of Iraqi currency for this decline.

Seyed Hamid Hosseini said most of Iranian exporters are worried about Iran’s national currency gains value against dollar and for this reason they slowed down the exports.

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Iran exported 16.9 million tons of non-oil commodities including gasoline, polyethylene, methanol, iron and steel ingots and steel products to foreign destinations in the mentioned two months, according to Mehdi Mir-Ashrafi.

Meanwhile, some 5.3 million tons of goods valued at $6.5 billion were also imported into the country in the said period to register a 26.5-percent rise compared to the last year’s same two months.

In total, the Islamic Republic traded 22.2 million tons of such goods worth $12.8 billion with its trade partners in the period under review, up 6.6 percent and 38 percent in terms of weight and value, respectively, Mir-Ashrafi said.

Iran’s top five non-oil export destinations during this period were China with $2 billion worth of exports, Iraq with $953 million, the United Arab Emirates (UAE) with over $849 million, Turkey with $388 million, and Afghanistan with $365 million.

According to the official, the mentioned five countries accounted for 68 percent and 73 percent of Iran’s total non-oil exports in terms of weight and value, respectively.

Meanwhile, the country’s top five sources of imports during these two months were the UAE with $1.8 billion, China with $1.5 billion, Turkey with $642 million, Germany with $285 million, and Switzerland with $283 million worth of imports.

Mobile phones, corn, sunflower oil, meal, wheat, soybeans, rice, barley, sugar and crude soybean oil were the most imported items during this period.

These 10 items accounted for 69.5 percent of the weight and 33 percent of the total value of imports, according to Mir-Ashrafi.

The official also noted that over 1.842 million tons of goods were transited through Iran in the said period, registering a 142-percent rise compared to the same period in the previous year.

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