Iran’s non-oil three-month exports to Indonesia up 86%

Iran’s non-oil exports to Indonesia stood at $250 million in the three months to June 21, 2018, showing a rise of 86 percent compared to the figure for the same period a year earlier, said Iran’s commercial attaché to Indonesia.

Citing figures by Iran’s Customs Administration, Anvar Kamari told IRNA that Iran exported non-oil products valued at $134 million to the southeastern Asian nation during March 21-June 21, 2017.

He said that the top export items to Indonesia were mineral products and mineral fuel which accounted for $158 million of the revenues while exports of non-precious metals such as steel brought in $85 million.

He noted that each ton of Iranian exports to Indonesia fetched $379 on average in the three-month period this year while the figure for the same time span last year was $309.

Kamari said Iran imported goods worth $59 million from Indonesia during March 21-June 21, 2018 which shows a trade surplus of $191 million.

He said Indonesia has a great capacity for absorbing Iranian goods which could pave the way for Iranian firms to boost exports to the country.

Indonesia has the largest economy in Southeast Asia and is one of the emerging market economies of the world. It is is also a member of G-20 major economies and classified as a newly industrialized country.