Non-Oil Exports Exceed $35bn in 10 Months

Iran’s non-oil exports have reached over $35 billion over the first ten months of the current Iranian year, which started on March 20, 2016, latest official data released by the country’s Customs Office shows.

The total value of Iran’s non-oil exports over the past 10 months stood at $35.27 billion, showing an 8.3 percent increase compared to the same period last year, according to the official figures.

The country’s imports amounted to $34.982 billion, which shows a minor rise of 3.2 percent compared to a year earlier.

According to the data, natural gas condensates accounted for 17 percent of Iran’s total non-oil exports with a collective value of $6.2 billion over the mentioned period.

Iran has stepped up efforts in recent years to enhance its non-oil exports and reduce dependency on its oil revenues.

There has also been a boom in Iran’s service exports in diverse sectors, including tourism, engineering, and transit.

(Source: Tasnim, under Creative Commons licence)

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