The director of planning and development of the National Petrochemical Company (NPC) of Iran said on Friday that Iran's share of the Middle East petrochemical products trade in the Iranian 1398 (ending on 20 March 2020) was 20.2% and reached 22.1% in 1399 (ending on 20 March 2021).
Hassan Abbaszadeh added that in the Iranian year 1398, Iran had 2.5% of the world production in petrochemical products, which increased to 2.7% at the end of Iranian year 1399.
According to Abbaszadeh, Iran accounted for 24.9% of Middle East total petrochemical production in the Iranian year 1398, while the figure reached 26.5% at the end of the Iranian year 1399.
Abbaszadeh stated that about 70% of Iran's petrochemical products are exported, adding that in the Iranian year 1398, Iran produced about 5.3% of the petrochemical products of the world, but by the end of the Iranian year 1399, its export increased to 5.9%.