During the first quarter of the current Iranian year (started 20th March 2020), Iran exported 21.92 million tons of goods worth $6.36 Bln, reported Iran’s Chamber of Commerce Website, citing data by the Central Bank of Iran.
In fact, petrochemicals and gas condensates constitute the greater share of total exports.
According to the report some oil and gas based products exports during the period are as follows:
- Gasoline exports worth $698 million accounted for 10.97% of the overall exports,
- Exports of natural gas were worth $367 million (with a share of 5.77%),
- Liquefied petroleum gas (LPG) $265 million (4.16%),
- Polyethylene $241 million (3.79%)
- Other light gas exports were worth $187 million (2.93%).
China was Iran’s main export destination in Q1, with $1.84 billion worth of non-oil exports, followed by Iraq with $1.48 billion, the UAE with $967 million, Afghanistan with $499 million and Turkey with $250 million.
Exports to China, Iraq, Afghanistan and Turkey dropped by 28%, 37.06%, 6.9% and 88.8% compared with last year’s similar period while exports to the UAE improved by 8.5% YOY.
Exports to other countries with a share of 21% of Iran’s total exports fell by 52.5% to stand at $1.31 billion.