Iran's non-oil trade exceeds $71 bn in 9 months

Dec 29, 2012 12:00 AM

Iran conducted $71.2 billion in trade of non-oil goods with other countries during the first nine months of the current Iranian calendar year, which began on March 20, according to Iranian Customs Administration Director Abbas Memarnejad.

Some $31 billion worth of non-oil goods were exported, and nearly $40.2 billion worth of non-oil goods were imported during the nine-month period, the Fars News Agency quoted Memarnejad as saying.

Iron and steel ingots, wheat, and corn fodder were the main goods imported, and liquefied propane, urea, and cement were the main items exported.

Iraq, China, the United Arab Emirates, Afghanistan, and India were the top importers of Iranian goods during the period, while the United Arab Emirates, China, Turkey, South Korea, and Switzerland were the leading exporters of goods to Iran, Memarnejad said.

Iran is currently in trade with 151 countries, he noted.

In July, Finance and Economic Affairs Minister Shamseddin Hosseini said Iran conducted economic transactions with 150 countries in the previous Iranian calendar year (March 2011-March 2012). And about 80 countries transited their products through Iran, he added.

Iran continues trading with the world at a brisk pace, even though certain countries are currently trying to create obstacles in order to hinder the country's economic progress, the finance minister said.

Iran exported around $43.7 billion worth of non-oil goods in the previous Iranian calendar year and imported about $61.8 billion worth of non-oil goods to hit the unprecedented mark of $105 billion in annual trade.

Trade Promotion Organization of Iran Deputy Director Kiyumars Fat'hollah Kermanshahi said in May that annual imports and exports are projected to reach $77 billion and $83 billion respectively by March 2016.

Market Research

The International Affairs Institute (IAI) and OCP Policy Center recently launched a new book: The Future of Natural Gas. Markets and Geopolitics.

Cover_242-width

The book is an in-depth analysis of some of the fastest moving gas markets, attempting to define the trends of a resource that will have a decisive role in shaping the global economy and modelling the geopolitical dynamics in the next decades.

Some of the top scholars in the energy sector have contributed to this volume such as Gonzalo Escribano, Director Energy and Climate Change Programme, Elcano Royal Institute, Madrid, Coby van der Linde, Director Clingendael International Energy Programme, The Hague and Houda Ben Jannet Allal, General Director Observatoire Méditerranéen de l’Energie (OME), Paris.

For only €32.50 you have your own copy of The Future of Natural Gas. Markets and Geopolitics. Click here to order now!


 

Upcoming Conferences
« May 2017 »
May
MoTuWeThFrSaSu
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31

Register to announce Your Event

View All Events