Russia replaced Germany as Iran’s major European exporting partner

Speaking t ILNA and touching upon Iran’s exports, he said Iran’s exports in the first two months of the current year have grown by 46 percent comparing to the same period last year and this volume may be affected in the upcoming months due to the water tension in the country and agro exports may slump.

Farzanegan went on to say that the non-oil exports of Iran in the first month of the year were around $3b which shows 80 percent growth in terms of value and 56 percent growth in terms of the weight comparing to the same period last year.

He also said that Iran’s imports in this period grew by 47% in terms of value and 17% in terms of weight.

Farzanegan said that in the first month of the current year, Iran’s exports were mostly to China, Iraq, the UAE, Turkey and Afghanistan as China was the top destinations for Iran’s exports with $974m.

He said in the field of imports and in the same period, the UAE was Iran’s major trade partners with exporting goods worth $788m to Iran and China trailed the UAE with $656m.

He noted that Russia replaced Germany as Iran’s major European exporting partner.

He noted that it seems water shortage may affect Iran’s agro product exports and also the imports will be also on the downward trend.

Farzanegan also pointed to the UAE market and said this Arab country imports food products worth of $7b per year and Brazil, UK, the U.S., France, China, Saudi Arabia, Oman, Turkey and Russia dominate this market as Brazil ranks first with exporting food products worth of $572m and Iran despite its good capacity in producing food products does not have significant share of this market.

He said according to the official statistics, petrochemicals, gas condensates, mineral and metal industries, dried-fruits, pistachio, fruit, vegetables and polymeric products were the major forex-earing goods for Iran last year.

END