North Khorasan Province's Exports Increase by 123 percent in 11 Months

(MENAFN) During the first 11 months of the current Iranian calendar year (March 21, 2022-February 19, 2023), the value of exports from North Khorasan province in the northeast of Iran increased by 123 percent compared to the same period last year. This is according to Nasser Fakhr Movahedi, the province's deputy governor-general for economic affairs. He added that the province exported commodities worth over USD124 million during this time.

Movahedi also announced that the province imported goods valued at more than USD56 million, showing a year-on-year growth of 21 percent in the first 11 months of this year. Mehrdad Davoudzadeh, the deputy head of the province's Industry, Mining and Trade Department for commercial affairs and trade promotion, had previously announced that commodities worth over USD173 million were exported from North Khorasan during the previous Iranian calendar year 1400 (ended on March 20, 2022).

According to Davoudzadeh, Afghanistan, Iraq, Turkmenistan, Uzbekistan, Germany, India, Turkey, Ukraine, Pakistan, Poland, Syria, Russia, Kuwait, Austria, Oman, Indonesia, United Arab Emirates, and Canada were the main destinations to which products were exported from North Khorasan in the previous year. The official also noted that China, Russia, Sudan, Pakistan, the United Arab Emirates, Germany, South Korea, Turkey, India, Netherlands, Ethiopia, Denmark, Austria, Oman, United Kingdom, Taiwan, Italy, Turkmenistan, Sweden, Kyrgyzstan, Kazakhstan, Brazil, Azerbaijan, and France were the major sources of imports, putting the province's worth of imports at USD42 million in the past year.

Meanwhile, the head of the Islamic Republic of Iran Customs Administration (IRICA), Mohammad Rezvani-Far, announced that the value of Iran's non-oil exports had risen 12.22 percent during the first 11 months of the current Iranian calendar year, compared to the same period last year. Rezvani-Far added that Iran exported about 111.3 million tons of non-oil goods valued at USD48.8 billion during this time, registering a 1.16 percent decline in weight.

Liquefied natural gas was the main exported product during this time period, accounting for 13.97 percent of the total value of the exports, according to the IRICA head. China, Iraq, Turkey, the United Arab Emirates (UAE), and India were the major export destinations for Iranian non-oil goods. The average value of each ton of exported goods increased from USD386 in the first 11 months of last year to USD439 in the current year's same period, indicating a growth of 13.54 percent.

On the other hand, Iran imported 33.6 million tons of non-oil commodities worth USD53.7 billion in the first 11 months of the present year, with a 15.28 percent growth in value and an 8.61 percent decrease in weight, year on year. The IRICA head noted that the import of basic goods during this time had reached 22.6 million tons worth USD17.8 billion, indicating a 6.33 percent growth in value and a 16.42 percent decrease in weight, year on year. Corn, rice, soybeans, wheat, sunflower oil, barley, and soybean meal were among the items imported into the country during this time period.

The United Arab Emirates was the top exporter to Iran during the mentioned 11 months, followed by China, Turkey, India, and Germany. The increase in North Khorasan province's exports is a positive development for Iran's economy, and the growth in non-oil exports is also a promising sign for the country's future economic prospects.

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