Iran Continues Non-Oil Trade Following Activating Provincial Customs
The Islamic Republic of Iran Customs Administration (IRICA) announced that among the 31 provinces of the country, the highest amount of commercial transactions in the seven months of this year was allocated to the customs of Hormuzgan province with 29, 449,000 tons of goods worth $18. 977 billion, forming 29.33% of weight and 29.49% of the total value of the country's commercial transactions.
Also, Khuzestan customs with 19,765,000 tons of goods worth of $8.297 billion and Bushehr customs with 18,238,000 tons worth of $7.809 billion ranked second and third respectively.
Meantime, during the first seven months of the current year, 19.68% of the weight and 12.89% of the total value of the country's commercial transactions were carried out from Khuzestan customs and 18.16% of the weight and 12.14% of the total value of the transactions were carried out from the Bushehr customs.
In a relevant development, the Iran Mercantile Exchange (IME) announced in October that over $3bln of various commodities weighting more than 13mln tons were traded in its domestic trading and exports halls during the Iranian month of Mehr (ended on 22 October, 2023).
The IME said that 13,344,275 tons of commodities with a total trading value of more than $3 billion were traded on its physical market, logging growths of 11.6% in volume and 8.4% in value compared to the last Iranian month of Shahrivar (ended on 22 September).
According to the report, 11,306,756 tons of commodities in the field of metals and minerals valued at nearly $2bln were traded.
The IME sold 6,074,037 tons of cement, 2,552,000 tons of iron ore, 1,817,919 tons of steel, 825,000 tons of sponge iron, 36,635 tons of copper, 27,620 tons of aluminum, 3,475 tons of zinc, 2,975 tons of cast iron, 1,000 tons of molybdenum concentrate, 500 tons of coke and 45 tons of precious metals concentrate.
The IME also traded 1,150kg of saffron on its agricultural trading floor.
Moreover, the exchange saw trade of 1,916,459 tons of commodities worth over $99mln USD on both domestic and export rings of its oil and petrochemical trading floor.
Items traded on this floor included 632,689 tons of bitumen, 519,200 tons of vacuum bottom, 401,991 tons of polymeric products, 163,080 tons of lube cut, 158,650 tons of chemicals, 27,870 tons of sulfur, 23,399 tons of oil, 10,618 tons of petroleum products, 2,140 tons of waterproofing materials, 1,380 tons of feedstocks and 1,000 tons of slop wax.
Last was the IME's side market on which the exchange traded 121,158 tons of goods.
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