Iran’s Foreign Trade Soars to $130 Billion in 2024, Reports IRICA
The latest figures from the Islamic Republic of Iran Customs Administration (IRICA) reveal significant insights into Iran’s non-oil trade, which has reached an impressive $130 billion. This growth in non-oil trade exchanges reflects Iran’s resilience and adaptability in the global market despite various challenges.
Foroud Askari, the president of IRICA and deputy minister of economy, reported that Iran’s non-oil foreign trade for the previous Iranian calendar year, which concluded on March 20, 2025, totaled $130.219 billion. This marks an 11.39 percent increase compared to the same period in the previous year.
During this period, the volume of non-oil foreign trade amounted to 191.229 million tons, indicating a growth of 7.63 percent compared to the prior year. This upward trend showcases the potential and expansion of Iran’s non-oil sectors, which are crucial for the country’s economy.
In his detailed remarks, Askari highlighted the robust exports of petrochemicals from Iran, which significantly contributed to the overall trade figures. Between March 21, 2024, and March 20, 2025, Iran exported:
- Over $6 billion worth of petrochemicals
- More than $3 billion in natural gas
- Significant quantities of liquefied propane
These figures underline the key role of the petrochemical industry in Iran’s non-oil trade strategy, providing essential revenue and supporting the national economy.
Askari also pointed out the main export markets for Iranian goods during this period, which included:
- China
- Iraq
- The United Arab Emirates (UAE)
- Turkey
- Pakistan
- Afghanistan
- India
These countries represent vital trading partners for Iran and are instrumental in shaping its export strategies. The diverse range of target markets reflects Iran’s ability to maintain and expand its trade relationships across different regions.
In conclusion, the growth in Iran’s non-oil trade exchanges signifies not only a recovery but also a strategic pivot towards diversifying its economic activities. As the country continues to engage with various international markets, the focus on non-oil exports, such as petrochemicals, gas, and other goods, plays a crucial role in fostering economic stability and growth. The reported figures emphasize Iran’s commitment to enhancing its trade capabilities and solidifying its position in the global economy.
