EconomyIranMiddle EastWorld News

Iran makes $9bn from petrochemical exports in 10 months

347665_Iran-petchem

Iran has reaped USD 9.19 billion from exporting petrochemical products in the first 10 months of the current Iranian calendar year (started March 21, 2013), data from Iran Customs Administration show.

The data, released on Saturday, showed that gas condensate made up USD 8.52 billion of Iran’s petrochemical exports.

In terms of non-oil exports, Iran exported USD 5.905 billion of various products to China, USD 4.79 billion to Iraq, USD 2.923 billion to the United Arab Emirates, USD 2.128 billion to India and USD 2.22 billion to Afghanistan.

Iran’s non-oil exports, which weighed 75.51 million tons, were 15.33 percent higher than a year ago.

They included iron ore (USD 1.104 billion), liquefied propane (USD 973 million) and urea (USD 906 million).

Iran earned USD 12 billion from exporting petrochemicals in the last Iranian calendar year which ended on March 20, 2013.

Nearly 60 countries, mainly from South and Southeast Asia, imported Iran’s petrochemical products in the previous Iranian calendar year.

The Islamic Republic is determined to become the biggest petrochemical producer in the Middle East.

The country has significantly expanded the range and volume of its petrochemical production over the past few years, and the National Petrochemical Company (NPC) has become the second largest producer and exporter of petrochemicals in the Middle East after Saudi Arabia.

Back to top button