Iran petrochemicals export falls by 33 per cent

Azerbaijan, Baku, July.13/ Trend R.Zamanov/

Iran exported 14.4 million tons of petrochemical products worth 10.1 billion dollars in the previous calendar year (which ended March 20).

The figure shows 32 and 33 per cent increase in terms of weight and value respectively, compared to its preceding year, the Mehr News Agency reported.

The country exported 2.155 million tons of tar worth 1.09 billion dollars in the previous year, which was 46 per cent more than its preceding year.

Iran produced 10.6 million tons of petrochemical products in the first three months of the current Iranian calendar year, which started on March 21.

Iran's current petrochemical production capacity stands around 60 million tons, the Mehr News Agency reported.

Tehran plans to produce 50 million tons of petrochemicals by the end f the current Iranian calendar year (March 20, 2014).

The country also plans to export 17.4 million tons worth 13 billion dollars in the current year.

Iran's petrochemical exports to China and African countries are on the rise.

China's imports currently accounts for 27.2 per cent of Iran's total exports. Europe with 6.5, Africa with 6.2, Middle East with 31.3, Far East with 18.5, and India with 10.3 are the other major destinations for Iranian petrochemicals.

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