iran’s non-oil trade in the first month of the current year shows that 80% of the country’s total non-oil exports went to 7 countries, including China, Iraq, UAE, Turkey, Afghanistan, Oman, and Pakistan. The value of these exports reached $5.798 billion, while the value of imports stood at $2.856 billion. Despite a 12% increase in the value of non-oil exports in the first month, the country’s non-oil trade decreased by 3% in terms of value compared to the same period last year.
in terms of value, the most important items exported in the first month of the current year were propane, $189 million, asphalt, $182 million, butane, $154 million, and steel ingots, $120 million. On the other hand, the most important items imported in the first month of the current year were gold, $583 million, corn, $175 million, rice, $91 million, soybean oil, $75 million, and soybeans, $66 million.
in addition, the average value of goods exported in the first month of the current year was $328, which is 47.5% higher than the same period last year, while the average value of imported goods was $1,587, which is 39% higher than the same period last year.
in terms of the weight of non-oil exports, 15% of the total non-oil exports in the first month of the current year went to petrochemical products. On the other hand, 20.6% of the value of non-oil exports in the first month of the current year went to petrochemical products.
it’s worth noting that the country’s non-oil trade has been affected by a range of factors, including the COVID-19 pandemic, which has had a significant impact on global trade and the economy. in addition, the us sanctions on iran have also had a significant impact on the country’s trade, particularly in the petrochemical sector.
to address these challenges, the government has implemented a range of policies aimed at promoting non-oil exports and increasing the value of exports. these policies include providing incentives to exporters, increasing investment in the petrochemical sector, and negotiating with other countries to increase trade.
in addition, the government has also implemented policies aimed at reducing imports and increasing domestic production. these policies include increasing tariffs on imported goods, providing incentives to domestic producers, and investing in infrastructure to support domestic production.
it’s worth noting that the government’s policies aimed at promoting non-oil exports and increasing the value of exports have had a positive impact on the country’s trade. however, there are still challenges to be addressed, particularly in the petrochemical sector.
as the world continues to navigate the challenges of the COVID-19 pandemic and the impact of us sanctions on iran, it’s essential for the government to continue implementing policies aimed at promoting non-oil exports and increasing the value of exports. in addition, it’s also essential for the government to continue addressing the challenges facing the petrochemical sector and increasing investment in this sector.
as the country looks to the future, it’s essential to recognize the importance of non-oil exports in driving economic growth and development. by promoting non-oil exports and increasing the value of exports, the country can increase its economic independence and reduce its reliance on oil exports.
in conclusion, the report on iran’s non-oil trade in the first month of the current year highlights the importance of promoting non-oil exports and increasing the value of exports. while there are still challenges to be addressed, particularly in the petrochemical sector, the government’s policies aimed at promoting non-oil exports and increasing the value of exports have had a positive impact on the country’s trade. by continuing to implement these policies and addressing the challenges facing the petrochemical sector, the country can increase its economic independence and reduce its reliance on oil exports.