Increasing Export of Iranian Walnuts

The export of Iranian walnuts and walnut kernels has increased by 13 percent in terms of weight and by 9.3 percent in terms of Dollar value in the first two months of 2023 compared to the first two months of 2022. About 98 percent of Iranian walnuts and walnut kernels have been exported to Iraq during this period.

98 percent walnuts were bought by Iraq

According to the Iran customs statistics, 47,470 kilograms of Iranian walnuts and walnut kernels worth 438,949 USD (9.25 USD per kilogram) were exported in the first two months of this year. During this period, most of Iran’s walnuts were exported to Iraq. 46,460 kilograms of walnuts and walnut kernels worth 430,950 USD have been exported to Iraq in the first two months of 2023. This country has accounted for about 98 percent of the export of this Iranian product.

86.7 percent by weight and 93 percent by Dollar value of the total export of Iranian walnuts and walnut kernels belong to the export of walnut kernels in the first two months of 2023. More than 41,180 kilograms of walnut kernels worth 408,299 USD have been exported from Iran during January and February 2023. The average price of each kilogram of walnut kernels for export was 9.92 USD during this period. In addition, 6,290 kilograms of in-shell walnuts (13.3 percent by weight of the total export of walnuts and walnut kernels) worth 30,650 USD (7 percent of the total Dollar value of walnut exports) has been exported from Iran.

86.7 percent by weight and 93 percent by Dollar value belong to the export of walnut kernels of the total export of Iranian walnuts and walnut kernels in the first two months of 2023. During January and February 2023, more than 41,180 kilograms of walnut kernels worth 408,299 USD have been exported from Iran. The average price of each kilogram of walnut kernels exported by Iran was 9.92 USD during this period. Also, 6,290 kilograms of in-shell walnuts (13.3 percent by weight of the total export of walnuts and walnut kernels) worth 30,650 USD (7 percent of the total Dollar value of walnut exports) has been exported from Iran. The average price of walnuts exported from Iran was 4.87 USD per kg during the mentioned period.

The export of Iranian walnuts and walnut kernels increased in the first two months of this year compared to the same period last year. 41,991 kilograms of Iranian walnuts and walnut kernels worth 401,578 USD were exported from Iran in the first two months of 2022. The export of this product rose by 13 percent in terms of weight and by 9.3 percent in terms of Dollar value in the first two months of this year compared to last year.

Factors for the increase

The most important reason for the increase in the number of exports during this period is the rise in the number of available products and the increase in supply. The supply increase (which was caused by the increase in production) and the growth in the exchange rate of foreign currencies against the Rial caused the average price of each kilogram of walnuts and walnut kernels exported by Iran to decrease by 2.3 percent in the first two months of this year compared to last year. It has reached 9.25 USD from 9.56 USD.

Rise in demand

Over the past month, the price of Iranian walnuts and walnut kernels for export has grown in global markets. The main destination of this product is Iraq, and the most important reason for the increase in the price of this product in the domestic market of Iran and the global markets is the rise in demand for this product due to the arrival of Ramadan in Iran. In addition, the strengthening of the Rial and the decrease in the exchange rate of foreign currencies against the Rial are other reasons for the increase in the price of this product in the world markets. Compared to the previous month, the cost of Iranian in-shell walnuts has risen by 11 to 15 percent, and the price of Iranian walnut kernels has grown by 6.5 to 10 percent in the world markets.

Import/Export Statistics

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