Dried Figs: Examining the Export of Iranian Dried Figs in June

The export of Iranian dried figs has increased by 4.5 percent in June 2022 compared to June 2021. China, United Arab Emirates, Taiwan, Japan, India, Iraq, and Australia have been the most important customers of this Iranian product last month.

According to the Iran customs statistics, 478 tons of Iranian dried figs worth 1,444,000 USD were exported from Iran in June 2022. The average price of dried figs for export is 3.02 USD per kg in June. The most important customer of this Iranian export product this month has been China, with the import of 352 tons worth 1,054,000 USD, which is about 73 percent of dried figs exports. Other important export destinations of Iranian dried figs during last month are the United Arab Emirates with imports of 26 tons worth 78,000 USD, Taiwan with 23 tons worth 68,000 USD, Japan with 21 tons worth 65,000 USD, India with 18 tons worth 64,000 USD, Iraq with 12 tons worth 37,000 USD, and Australia with imports of 10 tons worth 30,000 USD.

The export rate of Iranian dried figs has decreased by about 24 percent in June 2022 compared to May. 627 tons of dried figs worth 1,911,000 USD (3.05 USD per kilogram) were exported from Iran in May 2022. The inventory of figs produced last year decreased in June compared to May due to the approach of harvesting season and the lack of product inventory in the warehouses. This issue led to a decrease in exports in June this year compared to May. Also, many customers of Iranian dried figs postponed their purchases until the arrival of the new product in the market due to the approach of the fig harvest season and dried figs production in the new year. This issue has declined the demands and the number of exports in June.

The export rate of this product has risen slightly in June this year compared to the same period last year, despite the drop in the export rate compared to May. 457 tons of dried figs worth 1,384,000 USD were exported from Iran in June 2021. The export rate of Iranian dried figs has grown by 4.5 percent in June compared to May.

Compared to last month, the price of Iranian figs for export has fallen in the domestic markets of Iran and the world markets. As mentioned, the demand for last year’s production reduced due to the arrival of the fig harvest season and the production of dried figs. This issue has decreased the price of this product in the domestic market of Iran and the global markets compared to last month.

Considering the stability of the Euro rate in the Iranian market compared to last month, the Euro rate of Iranian dried figs in the world markets was affected by the price decrease in the domestic market of Iran. It has fallen by 11.5 to 13 percent compared to last month. But, the Dollar rate of Iranian dried figs decreased more due to the increase of about 7 percent in the dollar rate in the Iranian market compared to last month. The Dollar rate of this crop for export has dropped by 17 to 18.5 percent compared to the previous month.

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