Export Markets

According to customs statistics, “gas condensate” Iran had the highest share exported non-oil goods value, and exported about 7 bn USD (more than 17 mn tons) of gas condensate to the world, accounting for more than 15% of total export value in the year ended March 2018.

Subsequently, ” liquefied natural gas (LNG) and,” and “liquefied propane in 1,000 C/CM and more’ containers and more”, with a 5.3% and 3.1% share are next grades.  Statistics show that oil products accounted for more than 31.6% (approximately 14.8 bn USD) of Iran export in the year ended March 2018.

The following table shows Iran’s 50 major export items, in the year ended March 2018. These items represented 70% of the Iran’s total export value, amounted to 31.8 bn USD. It is worth noting that the first 10 export items accounted for nearly 40% of Iran total export value.

The 50 major export items of Iran's non-oil products the year ended March 2018

wdt_ID 100 major export items Weight (000 tons) Value (mn USD) Value share (%)
1 Gas condensate 17,217 7,079 15.08
2 Liquefied natural gas in 1000 C/CM containers and more 13,273 2,495 5.32
3 Propane liquids in 1,000 C/CM containers and more 3,377 1,475 3.14
4 Other light oils and products, except gasoline 3,188 1,327 2.83
5 Methanol (methyl alcohol) 4,045 1,178 2.51
6 Grade film 862 1,026 2.19
7 Hematite iron ore with purity more than 40% uncompressed 16,706 921 1.96
8 Liquefied butane in 1,000 C/CM containers and more 1,951 915 1.95
9 Semi-finished products of non-alloy steel or iron, with less than 25% carbon, not specified elsewhere 2,730 903 1.92
10 Pistachios with fresh or dried shell 112 901 1.92
100 major export items Weight (000 tons) Value (mn USD) Value share (%)

Source: IRICA

Export Destination

China was Iran’s largest export destination, worth more than 9 bn USD ,accounting for  19.3% total export value the year ended March 2018. Iran export value to China increased by 8.3%, in value but declined by 7.6% in terms of volume compared with the previous year.

 After China, the United Arab Emirates, Iraq, the Republic of Korea and Turkey are respectively had the largest share of Iran’s export value in the year ended March 2018. These five countries accounted for 65.3% of the total value of Iran’s export.

The table below lists Iran’s 50 major export destinations. Iran’s export value to the world grew by 6.6 % in the year ended March 2018, compared to the previous year.  Among first 50 export targets, some countries have had a more significant impact on Iran’s export value the year ended March 2018. The biggest impact was the export increase to the Republic of Korea, which increased by 52% in the year ended March 2018 compared to the previous year, and this share resulted an increase of 3.4% from the growth of 6.6% of Iran’s total export. Subsequently, I export to Turkey and China increased by 1.7% and 1.6%, respectively.

Table.  Iran’s 50 main non-oil export targets the year ended March 2018

Iran's 50 main non-oil export targets the year ended March 2018

wdt_ID Rank Country Weight (000 tons) Value (mn USD)
1 1 China 34,896 9,065
2 2 United Arab Emirates 18,089 6,764
3 3 Iraq 13,092 6,425
4 4 Republic of Korea 10,060 4,380
5 5 Turkey 14,365 3,991
6 6 Afghanistan 5,916 2,792
7 7 India 9,793 2,735
8 8 Pakistan 2,187 931
9 9 Thailand 1,786 731
10 10 Indonesia 1,982 645
Rank Country Weight (000 tons) Value (mn USD)

Source: IRICA

The first 5 Export destination in the year ended March 2018

Source: IRICA

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