Baku, Azerbaijan, May 2
By Fatih Karimov – Trend:
Iran’s services exports were materialized by 71 percent during the last fiscal year (ended March 20, 2017).
The country exported $13.28 billion worth of services during the period, while the figure was planned to hit $18.775 billion, Iran’s Trade Promotion Organization (TPO) reported.
Iran’s services exports registered a fall by 1.3 percent compared to the same period of preceding year (March 20, 2015-2016).
Tourism sector revenues stood at $8.32 billion, while the country exported $2.187 billion worth of technical and engineering services in the 12-month term.
Tourism sector revenues registered an increase by 11 percent, while export of technical and engineering services decreased by 3 percent year-on-year.
The country’s revenues through road transportation and transit stood at $1.993 billion (a 28 percent decrease), followed by air transportation ($344 million, a 21 percent increase), railway ($129 million, a 1 percent fall) and marine transportation ($127 million, a 30 percent fall).
The IT services export hit $180 million during the 12-month period, 44 percent less year-on-year.
The value of the services provided to other countries is planned to reach $30 billion by 2021, Mojtaba Khosrotaj, head of the TPO, said last year.
The value of Iran’s annual technical and engineering exports stood at $2.257 billion during the fiscal year to March 2016, 154 percent more year-on-year.
Tourism and transportation revenues stood at $7.5 billion and $3.38 billion, respectively, during the same 12-month period.