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Iran’s exports increase 22% on the year in 2014

by ChemOrbis Editorial Team -
  • 23/02/2015 (14:43)
According to data released by the Customs Administration of Iran, the country’s non-oil exports increased 22% year over year to reach $46.3 billion during 11 months starting 21 March 2014 owing to stronger petrochemical exports.

It was reported that petrochemicals products including liquefied propane, liquefied methane, and methanol constituted a majority of exported products while the top importers were China, Iraq, the UAE, Afghanistan and India.

In December, the Iranian government announced that they are planning to increase their non-oil exports to $50 billion by April in order to cope with plunging crude oil prices and the sanctions arising from the country’s nuclear activities.

Meanwhile, Iran’s imports increased 12.3% on the year to $48.2 billion during the same 11 months while the top exporters to Iran were China, the UAE, South Korea, Turkey and India.
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