According to the Islamic Republic of Iran Customs Administration`s (IRICA) monthly report which has been released recently, in the first 6 month of this year(Iranian calendar), Iran export value was 16.47 billion Dollar and Import value in the same period of time was 20.85 billion Dollar.
During August 23 to September 22, Iran export value was 2.732 billion dollar, comparing this value with last month, it hasn’t change dramatically. China, Iraq, United Arab Emirates, India and Afghanistan ranks on top of the table in export market destination, which was 74 percent of total export value. This means Iran’s export partners hasn`t changed dramatically. Also, the statistics on import show that most traded items were oil gas and, metals and 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, Mah shahr port and Imam Khomayni port were the main locations in exporting goods. Iran export`s value on August 23 to September 22 comparing to other months` report during this year (Iranian calendar) was the best one.
Iran import’s value according to the customs report were 3.596 billion dollar, which means 8 percent increase comparing to last month (from July 23 to August 22). China, United Arab Emirates, South Korea, Turkey and Brazil were the main import partners and count for 47 percent of import value. In addition, UAE, Turkey and Brazil were replaced by Switzerland, India and Netherlands 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 supplements, 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’s crude exports are likely to remain restricted until the first half of next year, when its reasonable to expect international sanctions against the OPEC producer to be lifted, according to a U.S. government official.
Overseas shipments will probably stay at 1 million to 1.1 million barrels a day until the terms of a deal between Iran and world powers over the Persian Gulf state’s nuclear program are implemented, allowing sanctions to be lifted. Iran is preparing to increase shipments at a time when crude prices are near six-year lows amid a global glut sparked by the U.S. shale boom. The Middle East producer, which was the second-biggest supplier in the Organization of Petroleum Exporting Countries before sanctions curbed its exports, has vowed to retake market share it lost to producers including Saudi Arabia, Mexico and Russia.