
Iran's Non-Oil Exports To Georgia See Modest Value Growth
Data obtained by Trend from the Iranian Customs Administration indicates that the value of Iran's non-oil exports to Georgia increased by 1.24 percent compared to the same month of the previous year, while the volume decreased by 6 percent.
In the interim, Iran's exportation metrics indicated a volume of
38,100 tons of non-hydrocarbon commodities, translating to a fiscal
valuation of $13.6 million directed towards the Georgian market
during the corresponding timeframe of the previous annum.
The analysis delineates that Iran predominantly engaged in the
exportation of agrarian commodities, ferrous and non-ferrous
alloys, an array of piping solutions, geological resources,
vitreous receptacles, and petrochemical derivatives, alongside a
spectrum of ancillary merchandise to the Georgian market.
The bilateral trade volume between the Islamic Republic of Iran and
the Republic of Georgia during the specified timeframe attained a
substantial figure of 36,700 metric tons, with a corresponding
monetary valuation of $16.9 million. This signifies a contraction
of 22.3 percent in monetary terms and an 11.8 percent reduction in
throughput relative to the corresponding month of the prior fiscal
year.
The data from the Customs Administration indicates that during the
inaugural month of the fiscal year, Iran achieved an export volume
of 8.95 million tons of non-oil commodities, translating to a
monetary value of $2.94 billion. In a year-over-year analysis, the
nation's non-oil export metrics exhibited a contraction of 8
percent in terms of monetary valuation and a decrease of 8.3
percent in volumetric output.
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