Iran’s Foreign Trade Soars to $104 Billion in Just 10 Months!
The latest figures reveal a significant surge in Iran’s non-oil exports during the current Iranian calendar year, showcasing the country’s robust trade dynamics. Between March 21, 2024, and January 20, 2025, Iran’s non-oil exports reached an impressive $103.846 billion, marking an 18 percent growth compared to the same period last year.
According to data from the Trade Promotion Organization of Iran (TPOI), the country exported a total of 158.180 million tons of non-oil goods valued at $103.846 billion during this timeframe. The details of these exports highlight the increasing demand for Iranian products in various international markets.
Key Highlights of Iran’s Non-Oil Exports
- Total Exports: 158.180 million tons valued at $103.846 billion.
- Growth Rate: 18% increase compared to last year’s figures.
- Export Weight: 127.396 million tons worth $47.755 billion.
- Growth in Weight and Value: 12% in weight and 18% in value.
Iran’s primary export markets during this period included China, Iraq, the United Arab Emirates, and Turkey. These countries have shown a growing interest in Iranian goods, particularly in specific sectors that have proven to be lucrative.
Top Exported Products
Among the various products exported by Iran, several key items have contributed significantly to the overall export value:
- Natural Gas
- Liquefied Propane
- Methanol
- Liquefied Butane
- Bitumen
This diversification of products underscores Iran’s strategic approach to enhancing its export portfolio and tapping into global markets.
Import Trends
In addition to its export activities, Iran has also engaged in substantial import operations. The country imported products valued at a total of $17 billion from the following countries:
- United Arab Emirates (UAE): $14.4 billion
- China: $909 billion
- Turkey: $1.9 billion
- Germany: Specific figures not disclosed
Moreover, the import of vehicles has witnessed a remarkable increase, with 41,297 cars valued at $877 million imported during the same period. This reflects a staggering growth of 709 percent in quantity and 744 percent in value compared to the previous year.
Conclusion
The data from the Iranian calendar year highlights the resilience and growth potential of Iran’s non-oil sector. With a clear focus on expanding its export markets and diversifying its product offerings, Iran is positioned to enhance its global trade footprint significantly. The continued growth in both exports and imports demonstrates the dynamic nature of Iran’s economy amidst changing global trade landscapes.
As Iran continues to leverage its natural resources and develop its trade relationships, the prospects for future economic growth appear promising. The focus now lies in maintaining this momentum and addressing challenges that may arise in the global market.
For more updates on Iran’s trade performance and economic developments, stay tuned to relevant news sources.
