Iranian customs office (IRICA) figures show that the country’s non-oil exports rose by nearly a fifth in the 11 months to late February.

According to The Iran Project, IRICA figures released on Saturday showed that Iran had exported some $53.376 billion worth of non-oil goods and commodities in the 11 months to February 18, up 19% compared to the previous same period.

The figures showed that exports had also increased by 12.6% in volume terms in April-February to reach 141 million metric tons (mt).

Petrochemicals accounted for more than 40% of Iran’s non-oil exports in the 11 months to late February as shipments reached $23.5 billion, an increase of 31.5% from the same period in 2023-2024, showed the customs figures.  

Natural gas was Iran’s top export revenue earner in the April-February period with some $6.6 billion worth of sales, followed by liquefied propane at $3.3 billion and methanol at $2.1 billion, the figures showed.

IRICA said imports into Iran had reached $63.606 billion in the 11 months to late February, up 5.6% from the previous same period.

It said, however, that import shipments had dropped by 5.6% in volume terms year on year over the same period to reach 35 million mt.

Iran’s total foreign trade rose by 11.2% and 9.2% in value and volume terms, respectively, in the 11 months to late February compared to the previous same period, the Iranian customs office said.