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Iran’s industrial, mineral exports to reach $30 billion

Business Materials 11 February 2012 15:20 (UTC +04:00)

Azerbaijan, Baku, Feb. 11/ Trend F.Milad/

The value of Iran's mineral and industrial exports will reach $30 billion by the end of the current calendar year, March 20, the vice president for planning affairs Davood Manzoor stated.

Davood Manzoor told IRNA news agency that the global sanctions have not hindered the Islamic Republic from expanding exports.

The Iranian Customs Administration has released a report on the Islamic Republic's trade during the first 10 months of the current calendar year, starting on March 21, 2011, showing that the value of non-oil exports has been increased compared to the same period of last year.

The report says that the ratio of non-oil exports (including gas condensates) to imports hit the figure of 0.7, indicating that imports have declined and exports have increased during the mentioned period.

Non-oil exports for the first 10 months of the current year amounted to 61,931 tons, worth 35.137 billion, compared to 57,852 tons, worth 26.649 billion, for the same period of last year.

According to the report, China, Iraq, the UAE, India and Afghanistan were the main imports of Iranian goods with 17.15 percent, 14.7 percent, 14.3 percent, 8.48 percent and 6.17 percent, respectively.

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