Iran non-oil exports grew last year

Iran’s non-oil exports witnessed nearly half-a-percent growth while the country’s imports dropped around five percent in the previous Persian calendar year (ended March 20, 2014).

According to a Saturday report by the Islamic Republic of Iran Customs Administration (IRICA), the value of Iran’s non-oil exports, including gas condensates, reached USD 41.628 billion, showing a total rise of 0.43 percent.

The growth in Iran’s exports took place mainly during the later months of the previous year.

Meanwhile, the value of Iran’s imports reached USD 50.818 billion during the same period, showing a 4.92-percent fall compared to the year before it.

Iran’s major exported products included liquefied propane, pitch and methanol with the country’s key export destinations being China, Iraq, the United Arab Emirates (UAE), India and Afghanistan.

According to the IRICA’s data, Iran’s main imported items were vehicles, rice, press cake, corn for livestock and wheat with main import origins being the UAE, China, India, South Korea and Turkey.

Source: Press TV