Industry sector takes lion's share of Iran’s non-oil exports

October 25, 2015

TEHRAN - The industry sector accounted for 34.9 percent of Iran’s total non-oil exports during the first half of the current Iranian calendar year (started on March 21).

According to figures of the Trade Promotion Organization of Iran, out of a total export value of $20.494 billion, the industry sector has the lion’s share of almost one-third, bringing in revenues of $7.163 billion in the six-month period for the country, down 2 percent compared to the similar period last year.
There is by far more drastic slump in the country’s industrial products exports in terms of weight, down 10 percent to 15.370 million tons in the year-on-year outlook.
Second in the report, stands petrochemistry, accounting for 34.7 percent of the country’s non-oil exports during the period.
Revenues from the sector, the figures say, declined 0.2 percent to $7.128 billion in the reported time span. In terms of weight, there is a plunge of 36 percent to 12.196 million tons relative to the previous expansion.
The petrochemistry industry is followed by gas condensates, explaining 19.6 percent of the country’s non-oil exports.
During the time span, Iran has shipped 9.241 million tons of petrochemicals, valued at $4.26 billion, down 2 percent and 40 percent in terms of weight and value, respectively, compared to the same period last year.
The general descending trend in the reported non-oil exports includes agricultural exports, too, where only a meager amount of 7.9 percent is accounted for by the sector.
Agricultural exports of the country during the 6-month time amounted to $1.363 billion, totaling 1.794 million tons, down 13 percent and 78 percent with regards to weight and value, respectively, compared to the same period last year.
Generally, exports from the four above-mentioned domains of industry, petrochemistry, gas condensates, and agriculture formed 89.2 percent of the country’s non-oil exports during the first half of the current Iranian calendar year.
Also, in the time expansion reported, more than 8.558 million tons of minerals to the tune of $409 million have been exported, accounting for 1.9 percent of the country’s non-oil exports, shrinking to 32 percent and 49 percent in terms of weight and value, respectively, in the year-on-year comparison.
Last but not least in the export report, has to do with the handicraft sector, which accounts only less than one percent, 0.6 percent, of the country’s non-oil exports.
During the year half, according to the report, more than 5000 tons of carpet and carpets worth $132 million were exported, plunging by almost one-third, 34 percent, and one-fifth, 17 percent, in terms of weight and value, respectively, compared with the same time span last year.
AK/