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January 2004 / No. 27


Trade & Business

22% Hike in Non-Oil Exports

Iran’s non-oil exports increased by 22% during the first nine months of the current Iranian calendar year (started 21 March 2003) compared to the corresponding period of the preceding year to hit $4,603,800,000.

During the same period, the value of carry-on trade stood at $36.4 million while respective figures for border markets exports equaled $285.6 million and total worth of non-oil exports excluding market and carry-on trade stood at $4,181,800,000.

Non-oil commodities exported during these nine months weighed 10,690,700 tons, up by 4.3% in comparison to the corresponding period of the preceding year. The 4.3% increase in weight and 22% hike in value of non-oil exports have been attributed to increased price of industrial, petrochemical and agricultural products. During that period, the biggest slump in the price of export commodities pertained to the mineral sector and the highest hike was related to agricultural commodities.

About 55% of total value of non-oil exports during the first nine months of the current Iranian calendar year related to 10 major export goods. Major export goods during the nine months of the current year included pistachios and pistachio kernels; hand-woven carpets; gas liquids, propane, butane and so forth; other industrial goods; ironware and steel; other petrochemical products; garments; wrought aluminum; benzene and its derivatives; as well as lubricant and grease that accounted for $579.7 million, $397.2 million; $318 million, $260 million, $189.2 million, $158.7 million, $125.6 million, $123.9 million, $74.7 million and $73 million, respectively.

During the same nine months, 22,708,500 tons various non-oil goods worth $19,709,500,000 were imported. The import figure showed a 22.4% increase in terms of value and 34.2% rise in terms of weight compared to the corresponding period of the preceding year.

The average price of every ton of imported non-oil products stood at about $840, down by 8.7% in comparison to the corresponding figure of the preceding year. During that period, industrial and mechanical machinery and tools accounted for the highest weight share of imports while accounting for 17.7% of total value of imported goods. During the first month of the current Iranian calendar year the highest hike in value of imports was related to maize at 139.9% and the least growth in imports value pertained to paper and cardboard.

The top 10 import commodities during the nine months of the current Iranian calendar year included industrial and mechanical machinery ($3,508,300,000), ironware ($2,083,800,000), electrical industrial tools ($1,484,500,000), raw materials for plastic ($705.2 million), chemicals ($680.3 million), road construction machinery, cranes and agricultural machinery ($590.1 million), vegetable oil ($453.3 million), medicines ($363.9 million), paper and cardboard ($340.2 million) and maize ($326.6 million).

 

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