Sunday, January 2, 2011

Iran’s Non-Crude Oil Exports Up 21%

Latest numbers released by Iran’s Customs Bureau show 21% growth in the country’s non-crude oil exports in the first nine months of the current Iranian calendar year, totaling more than $22 billion. The figure includes the export of natural gas and petrochemical products. China, Iraq, UAE, India and Afghanistan, in that order, were the biggest importers of Iranian non-crude products. (In addition, Iran exports approximately 2.1 million barrels a day of crude oil. Crude export figures are not released by the Customs Bureau).

Iran’s imports were at $47 billion, a 26% increase over the first nine months of last year. In the same period, the Iranian currency lost some 4.5% of its value against US dollar (from 9,897 rials per dollar to 10,338 rials).


Anonymous said...

US Closes 2010 With $14,025,215,218,708 And 52 Cents In Debt, A $154 Billion Increase Overnight This $154B is what the USA bribed other countries for it's anti Iranian rhetoric!

Anonymous said...

The number is not a very good gauge because a lot of it is petrochems.

Iran has been expanding production at a very high pace and it is practically a cash cow, since Iranian gas as feedstock provides an insurmountable competitive advantage over international producers.

basic petrochemicals, in fact, are simply a way to export your gas in the form of goods.

That also explains why China is #1 on the importers' list. Iraq is clearly the biggest importer of non-carbon Iranian exports.