Iran’s reliance on oil revenues has made its foreign exchange income and economy prone to oil price fluctuations, indicating how it is important to diversify export products and promote non-oil trade.  

Iran’s sales of petrochemicals amounted to some $16 billion in the calendar year to late March.

Iran's non-oil exports to neighbors in the five months since the start of the Persian year on March 20 rose 27 percent year-on-year to $10.7 billion, the country’s customs figures show.

Iran's dream is reverting from crude oil exports to a non-oil economy.

Iran says non-oil exports will reach $55 billion in the calendar year to March 2023.

The US withdrawal from the JCPOA and its sanctions against Iran, in addition to Russia’s geopolitical difficulties with the West, have led these two countries to expand their cooperation within the framework of the Eurasian Economic Union.

Petrochemicals shipments accounted for 25% of all non-crude exports from Iran in the year to March.