July 31, 2021

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5 Countries Account for 74% of Iran Exports in Q1

5 Countries Account for 74% of Iran Exports in Q1
5 Countries Account for 74% of Iran Exports in Q1

Head of Iran Trade Promotion Organization says China, Iraq, the UAE, Turkey and Afghanistan have been the major destinations for Iran’s exports in the first quarter of the year as these five countries accounted for 74 percent of Iran’s total export in this period.

TEHRAN (Iran News) –   Head of Iran Trade Promotion Organization says China, Iraq, the UAE, Turkey and Afghanistan have been the major destinations for Iran’s exports in the first quarter of the year as these five countries accounted for 74 percent of Iran’s total export in this period.

On Saturday, Hamid Zadboum said that China has been Iran’s top export destination with $3.144b which accounted for almost 29 percent of Iran’s exports in the first quarter of the year.

He went on to say that Iraq with $2.343b (22 percent of total exports). The UAE with $1.275b (almost 12 percent of the total exports), Turkey with $594m (six percent of total exports) and Afghanistan with $569m (almost 5 percent of the total exports) have trailed China as the other top destinations for Iran’s exports in the first quarter.

Zadboum noted that Iran’s exports in the first quarter have been around 30,000 tons worth $10.688b which shows 38 percent growth in terms of weight and 69 percent growth in terms of value comparing to the same period in the preceding year. He said that Iran’s exports last month soared $52 percent in terms of weight and 30 percent of value comparing to the preceding month.

He reiterated that petrochemical products and gas condensates topped the list of Iran’s exports list in the first quarter with 51 percent and mine and mining industrial products with 28 percent was the second major exports of Iran.

Zadboum went on to say that India, Thailand, Pakistan, Indonesia and Ghana ranked fifth to 10th in the ranking of Iran’s top destinations for exports.

He also pointed to the total amount of Iran’s exports to the 15 neighboring states, and said Iran exported $5.597b of goods to those 15 countries in the first quarter which shows 51.5 percent growth in weight and 44 percent growth in value comparing to the same period last year.

Zadboum stated that exports to China in the first quarter jumped by 72 percent in terms of value as the figure shows 58 percent growth regarding the exports to Iraq.

Original News : https://irannewsdaily.com/2021/07/5-countries-account-for-74-of-iran-exports-in-q1/

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