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Iran's export increases by 40 percent

Business Materials 15 September 2011 13:55

Azerbaijan , Baku, Sept. 15 /Trend A.Qurbanova/

Iran 's export values increased by 40 percent during the current solar year, beginning on March 20, 2011, ILNA reported, quoting the Head of Iran's Customs Administration Abbas Memarnejad.

"Iran's export value is in accordance with its inflation rate. The reduced USD exchange rate had no effect on the increase of exports to 40 percent during the current year," he said.

Iran 's export of gas condensates had 146 percent growth and 70 percent increase in weight, while Iran's petrochemical products had 48 percent growth during at the same time. Other exported items accrued a 6 percent increase in value, he added.

Iran 's non-oil exports reached $17 billion during the first five months of the current solar year, while imports reached $22 billion.

Government plans to export $45 billion in non-oil goods and technical services during the current year.

While China is the first destination in Iran's non-oil exports, Iraq, UAE, and India stand at lower levels, with around 60 percent of the country's non-oil goods exported to these countries. Sixty percent of Iran's imported goods come from UAE, Germany, China, Turkey, Korea and
Switzerland.

According to the International Monetary Fund (IMF), Iran is the third largest country in the Middle East and Central Asia, in terms of exports and imports.

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