According to the Islamic Republic of Iran Customs Administration’s (IRICA) monthly report which has been released recently, in the first 8 months of this year (Iranian calendar), Iran export value was 24.49 billion Dollar and Import value in the same period of time was 26.38 billion Dollar.

During October 23 to November 22, Iran export value was 2.01 billion dollars, comparing this value with last month, Iran’s export has decreased 27 percent. China, Iraq, United Arab Emirates, India and Afghanistan ranks on top of the table in export market destination, which was 56 percent of total export value. This means Iran’s export partners hasn’t changed drastically. Also, the statistics on export show that most traded items were oil gas, metals, iron ore, propane, Polyethylene and ferrous products.

By investigating the combination of the most valuable goods which has been exported during the mentioned period, it is obvious that there is no significant change in the main items. Asalouyeh port, Mahshahr port and Imam Khomayni port were the main locations in exporting goods. Iran export`s value on October 23 to November 22 comparing to other months` report for this year (Iranian calendar) was one of the worst reports this year.

Iran import’s value according to the customs report were 3.03 billion dollars, which means 4 percent decrease comparing to last month (from September 23 to October 22). China, United Arab Emirates, South Korea, Turkey and Switzerland were the main import partners and count for 66 percent of import value. In addition, India was replaced by Switzerland in terms of trading value during the last month.

Shahid Rajaee port, Imam Khomayni port and Bandar Lengeh port were the main areas of imports. Corn based animal food, soya bean, pharmaceutical supplement, steel products and rice were the most traded items in the mentioned period. This fact shows that there is no significant change in combination of items which have been imported.

Iran is a founding member of OPEC and GECF (Gas Exporting Countries Forum). The majority of Iran’s exports are oil and natural gas. In 2010, petroleum constituted 80 percent of all exports from Iran. Iran’s strategic geographical position ensures access to markets within the region. Pipeline systems supply Iran’s oil and natural gas to many of its neighbors such as Turkey and Armenia, and as far away as Russia and India. It is expected that after lifting sanctions these statistics will improve drastically.