Tuesday 18 January 2022
Last update on Tuesday, January 18, 2022 At 6:00 AM
China (25.8%) and the United Arab Emirates (20.7%) remain Iran's leading non-oil trading partners. Petrochemical products would represent 42% of the value of exports over the period, or $ 14.7 billion.
According to the Customs Administration, the value of non-oil trade rose from $ 51.9 billion at the end of the first nine months of 2020/2021 to $ 72.1 billion at the end of the first nine months of the year 2021/2022, an increase of 38.9%. While export growth (+ 39.8%, $ 35.1 billion) remains more dynamic than that of imports (+ 38.1%, 37.0 billion), the trade deficit widened significantly over one month (+1 , $ 0bn to $ 1.9bn).
By side effect, the IRR / USD parity, stable from September to November, rose 6.5% at the end of December to 248,500 IRR for $ 1.
Iran’s top five clients are China ($ 10.2bn), Iraq ($ 6.8bn), Turkey ($ 4.1bn), United Arab Emirates ($ 3.4bn) ) and Afghanistan ($ 1.4bn), while its top five suppliers are the United Arab Emirates ($ 11.5bn), China ($ 8.4bn), Turkey ($ 3.7bn) ), Germany ($ 1.4 billion) and Switzerland ($ 1.3 billion).
China (25.8%) and the United Arab Emirates (20.7%) remain Iran’s leading non-oil trading partners. Petrochemical products would represent 42% of the value of exports over the period, or $ 14.7 billion, and essential agricultural, agrifood and medical goods 38% of the value of imports, or $ 12.4 billion.
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