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Iran reports 4.4% surge in non-oil exports in March-Nov.

US Rep. Ilhan Omar (D-MN) (L) talks with Speaker of the House Nancy Pelosi (D-CA) during a rally with fellow Democrats before voting on H.R. 1, or the People Act, on the East Steps of the US Capitol on March 08, 2019 in Washington, DC. (AFP photo)
Iran’s non-oil exports rose 4.4% year on year in March-November to reach $32.368 billion.

Latest figures by Iran’s customs office (IRICA) show that non-oil exports from the country rose by 4.44% in the eight months to November 21 compared to the same period last year.

IRICA figures published on Monday showed that Iran’s non-oil exports had reached $32.368 billion in March-November.

The figures, covered in a report by the IRIB News, pointed to a 15.25% rise in Iran’s imports in the eight months to late November as shipments delivered to the country reached a total of $37.116 billion.

Total trade rose by 10% to $69.484 billion over the same period, said IRICA.

However, the Iranian customs office reported drops in volume terms of 16% and 12.44% in Iranian exports and imports, respectively, in March-November compared to the same period last year.

Iran’s main export products over the eight months to late November were liquefied propane, methanol, liquefied butane, petroleum asphalts and urea, said IRICA, adding that China, Iraq, the United Arab Emirates (UAE), Turkey and India had accounted for a bulk of purchases over the period.

The Iranian customs office said that main products and goods imported into Iran in March-November had been animal feed corn, rice, wheat, soybean, sunflower oil and mobile phones.

It added that the UAE, China, Turkey, India and Germany were the five largest suppliers of goods and products to Iran over the same period.

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