Iran’s Non-Oil Exports

  • publish date : 2018/07/13
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Iran’s Non-Oil Exports

Iran’s Non-Oil Exports

 According to Fars News, the revenue of non-oil exports has increased by 6.56% in comparison with the previous year. Gas condensate, natural gas and liquid propane are on the top of the list and they form 20% of all of the exports from Iran. The main destinations for Iran’s exporting products, by order, are China, UAE, Iraq, South Korea and India. This report also indicates that Turkey instead of India, was in the group of top buyers.

However, apart from oil-based exports, Iran is now experiencing a flourishing era for exporting non-oil goods as well. Carpets, nuts, saffron, and caviar are retaking the market.


Iran's Non-Oil Exports


Hand-made Carpets

 

Carpets are one of the oldest products in Iran which has been exported for more than two hundred decades. These carpets, known as, Persian Carpets are considered to be a luxurious good in many countries and have been adored by many people throughout the history of nations. According to latest statistics by Trade Promotion Organization, Iran has exported $400 million worth of hand-made carpets in 2017, which is a 23.8% increase. New markets for this fine hand-woven products are emerging every day, China, Russia and South Africa are the new export destinations. Along with European countries, Iran’s carpet is being exported to over 80 countries.

Iran's Non-Oil Exports

Pistachio

 

According to Mehr News, Iran is the world’s number one country in exporting pistachios. By their research it has be estimated that 310 thousand tons has been exported by the end of the 2017 which was 40 thousand tons higher than the United States for the same product. Pistachio is the most high-paying of agricultural productions for Islamic Republic of Iran. Iran’s pistachio exportation decreased enormously in 1996 due to not conforming to global agricultural standards. At that time, the US was ruling over the pistachio market in Europe. However, since 2016 the Iran’s pistachio exports started getting back on its knees and hopefully retaking the European market for this product. Iran and the US account for the 85% of the pistachio market in the world.

Iran's Non-Oil Exports

Saffron

 

In Iran, saffron is called the Red Gold of the country. Just in the recent year more than 160 tons of saffron with value of 219 million dollars was exported to 56 countries. Among them, UAE with more than 23 tons, Hong Kong with approximately 15 tons and Spain with around 14 tons had the highest weight share of this product.

Iran's Non-Oil Exports

Walnut

 

After China and the United States, Iran is the third country in exporting the highest amount of walnuts to abroad. It’s has been estimated that for just the first 7 months of 2017, about 104 tons of walnuts with shell with value of almost 300 thousand dollars and around 2,260 tons of walnuts without shell of value  18,844 thousand dollars were exported. Among favorite buyers of walnuts from Iran, the tops are UAE, Iraq, Turkey and Bahrain.

Iran's Non-Oil Exports

Caviar

Caspian Sea, in north of Iran, is the largest habitat for the fish sturgeon which contains kind of a roe mostly known as Caviar, a popular luxurious garnish around the world. Iran has been exporting caviar for over a few decades now. In the last quarter of 2017, Iran’s caviar export reached to 557 kilograms, which was worth over 1.37 million dollars. Although the number has decreased slightly with the same period last year, Iran’s caviar exportation is still on top of the chart.

As the globalization is happening in every corner of any market, the opportunity for competition of different products from all around the world is getting stronger more than ever. The country which accomplishes to produce the highest quality product with the most reasonable price will win the market, this story is true for most tech and clothing products. However, for natural and agricultural products, the story may be different. The country that has the most fertile land and diverse climate can compete the best. Good news is, Iran benefits from both these factors and with the help of technological advancements, Iran’s economy can benefit most from non-oil exports in near future. 


Iran’s Non-Oil Exports

Marketpeima Team