Iran’s top exporting companies for the previous Iranian year (March 20, 2019 – March 19, 2020) will be announced at the 24th National Export Day marking ceremony which will be held jointly by Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) and Iran’s Trade Promotion Organization (TPO).
Fifty six companies active in non-oil exports will be hailed at the ceremony which will be attended by senior officials including First Vice-President Es’haq Jahangiri and Industry, Mining and Trade Minister Ali Reza Razmhosseini on Monday, January 11.
The companies have for the first time been selected through a process managed by the ICCIMA which is the main private sector advocacy group in Iran.
In 2019-20, non-oil exports totaled $41.3 billion, exceeding oil exports for the first time in Iran’s modern history.
Around half of Iran’s non-oil exports were reportedly in manufactured goods, meaning that Iran’s factories earned more than double what the country’s oil rigs earned in export revenue last year.
Details of Iran’s non-oil trade in fiscal 2019-20
Iran exported to 128 countries, including 40 European, 21 Asian, 28 African and 12 American countries, and imported from 112 countries, including 41 European, 31 Asian, 12 American and 11 African countries, in the last fiscal year (March 2019-20) despite sanctions, the head of the Islamic Republic of Iran Customs Administration said.
“Iran’s total non-oil trade stood at 169.3 million tons worth $85.1 billion during the period, of which $41.37 billion constituted exports and $43.73 billion imports,” Mehr News Agency also quoted Mehdi Mirashrafi as saying.
Iran’s top partners last year were from Asia with more than $57 billion worth of non-oil trade, accounting for 68% of country’s total trade. Exports and imports to Asian countries stood at more than $30 billion and $27.73 billion respectively.
Exports to and imports from European countries hovered around $9 billion and $15 billion respectively.
In spite of having several trade partners in Africa, Iran’s exports to and imports from African countries did not exceed $400 million and $22 million respectively.
Exports to Americas stood at $130.75 million and imports at $860.08 million.
Iran’s top export destinations in Asia were China with $9.04 billion, Iraq with $8.99 billion and the UAE with $4.5 billion.
Top exporters to Iran in Asia were again China with $11.2 billion, the UAE with $8.91 billion and India with $3.46 billion.
Iran’s top European partners in exports included Turkey with $5.04 billion, Russia with $457.63 million and Azerbaijan Republic with $429.78 million.
The country’s top European partners in imports included Turkey with $4.99 billion, Germany with $2.1 billion and Russia with $1.17 billion.
Iran’s top export destinations in the Americas were Brazil with $105.72 million, Canada with $19 million and Venezuela with $1.18 million.
Top exporters to Iran in the Americas were Brazil with $555.57 million, Argentina $555.57 million and Canada with $52.1 million.
Iran’s top African partners in exports were Mozambique with $72.05 million, Sudan with $62.91 million and Kenya with $256,163.
The country’s top African partners in imports were Kenya with $6.36 million, Ethiopia with $5.41 million and Tunisia with $4.66 million.
Oil-based products and byproducts, as well as petrochemical products, are included in IRICA's "non-oil" export data. In fact, petrochemicals and gas condensates constitute the greater share of total exports.