Iran’s Minerals Exports Increase

The Islamic Republic of Iran Customs Administration (IRICA) announced that exports of minerals from the country experienced a significant leap in terms of value and weight in the first month of the current Iranian year (started on March 21).

IRICA announced that the country exported $121 million worth of minerals in the first month of the current year.

About 1,892,000 tons of products, valued at $121 million, were exported in the first month of the current year in mining sector, showing a 21 and 43 percent increase in terms of weight and value respectively.

Statistical table of country’s foreign trade indicated that 8,527,000 tons of products along with gas condensates, valued at $2.547 billion, were exported in the first month of the current year, registering a 7.6 and 18.3 percent growth in terms of weight and value respectively as compared to the same period last year, it added.

A study of exports performance of mining sector of the country in the same period showed that 1,562,000 tons of products, valued at $84.5 million, hit the target markets.

In addition, 7,921,000 tons of non-oil products, valued at $3.115 billion, were exported from March 21 to April 20, 2019.

Earlier this year, Iranian Minister of Industry, Mine and Trade Reza Rahmani said that government considered non-oil exports as a driving force behind the economic development of the country, reassuring that exporting more is high on the agenda of the country in the current year.

“Islamic Republic of Iran enjoys high potentials in various sectors to materialize the most economic objectives, especially in the field of brands," Rahmani said in February.

In the meantime, public and private sectors of the government havd established fair interaction among themselves and there is not any disagreement between them, he said, adding, “Under such circumstances, export barriers should be resolved completely.”

He reiterated that his ministry would focus on exports and mineral sector.