Iran exported $29.9 billion worth of oil products in the 10 months of the current Iranian calendar year (started March 21, 2023), registering a 10% growth in value compared to the same period last year, the Islamic Republic of Iran Customs Administration (IRICA) said, as semi-official news agency in Iran Tasnim reports.

Some 113 million tons of goods, valued at $40.5 billion, were exported from the country between March 21, 2023, and January 22, 2024, with oil, luggage trade, electricity and technical-engineering services excluded, IRICA President Mohammad Rezvanifar added.

He went on to say that Iran’s export of non-oil products showed a 9.4 percent growth in weight and an 11 percent decline in value.

More than $29.9 billion worth of oil products was exported from the country in the 10 months of the current Iranian calendar year, showing a 10% hike in terms of value.

According to secondary sources, total OPEC-12 crude oil production averaged 26.70 mb/d in December 2023, higher by 73 tb/d, m-o-m.

Crude oil output increased mainly in Nigeria and Iraq, while production in Kuwait, Saudi Arabia and IR Iran decreased in December 2023, according to figures from the Organization of the Petroleum Exporting Countries (OPEC).

However, the data from OPEC shows an increase for IR Iran for the whole year 2023 compared to the previous year 2022.