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$6bn+ of Petrochemical Products Exported in 4 Mths

Export of petrochemical products showed remarkable increase in value in the first four months of this Iranian calendar year of 1395 (started on March 20) and exceeded six billion dollars.

Iran’s Customs Administration says non-oil commodity exports in the four months rose by 21.11 percent to $16.308 billion. Iran’s balance of trade was thus positive and showed $3.443 billion in Iran’s favor.

The reason for increase in export of non-oil commodities was remarkable growth in export of petrochemical products that accounted for 41.51 percent of the total earnings while other commodities accounted for $16.308 billion.

The figure stood at $13.465 billion, including gas condensates, in the first four months of last year.

Despite considerable fall in export of such products as gas condensates, polyethylene, methanol, urea and the like, 34 percent growth in weight and 25 percent in value was still observed in the exports in the period.

In the period under study, Iran’s petrochemical exports showed record rise of the products in the total exported goods.

In the period, 13,684,000 tons of petrochemical products, worth $6.769 billion, were exported and the share of petrochemical goods in total exports of Iran in the first four months of last year was 35.52 percent.