India exports non-oil goods worth US$514 million to Iran in q1 of Iranian calendar year

India exported non-oil goods valued at US$514 million to Iran, making it the fourth-largest source of non-oil imports for the Islamic Republic during the first quarter of the current Iranian calendar year, according to the Islamic Republic of Iran Customs Administration, as reported by Tehran Times, a partner of TV BRICS.

Total non-oil trade for Iran during this period reached 43.489 million tonnes, worth US$ 24.684 billion. The average value of imported goods stood at US$1,446 per tonne, a decline of 7.7 per cent.

Iran's major non-oil imports during the quarter included unrefined gold (US$965 million), animal feed corn (US$883 million), rice (US$500 million), sunflower seed oil (US$493 million), and mobile phones (US$372 million). The United Arab Emirates remained Iran’s leading import partner with shipments totalling US$3.886 billion.

Petrochemical exports during the quarter amounted to 11.133 million tonnes valued at US$4.684 billion, a drop of 28.7 per cent in volume and 24.5 per cent in value. Top non-oil export items included liquefied propane (US$874 million), liquefied butane (US$611 million), methanol (US$576 million), petroleum bitumen (US$574 million), and natural gas (US$456 million).

Photo: iStock