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Iran mineral, industrial exports up 30 per cent

Business Materials 12 December 2012 15:41 (UTC +04:00)

Azerbaijan, Baku, Dec.12/ Trend F.Milad‎‏

Iran's mineral and industrial exports faced a 30 per cent increase in the first eight months of current Iranian calendar year which began March 20, the Iranian Economy and Finances Minister Shamseddin Hosseini said on Tuesday.

Iran has exported 52 tons of goods to different countries during the aforementioned period, the IRNA News Agency quoted Hosseini as saying,

Deputy Minister of Industry, Mines and Trade Masoud Movahedi said on Sunday that Iran exported some 28 billion dollars' worth of non-oil goods (including gas condensates) during the first eight months of current year.

Liquid propane ranked first in the list of Iran's exported items in the same period, Iran's Customs Administration announced on December 10.

Among the non-oil exports, Urea with 866 million dollars and methanol with 758 million dollars were the next two main exported items.

Liquid butane and propane are called LPG and is Iran's major export item.

Last solar year, Iran exported $2.06 billion worth of propane and $1.3 billion worth of butane according to Iran's Customs Organisation. Iran considers petrochemical and condensate exports as non-oil export items.

The country exported some 909 million dollars' worth of LPG in the aforementioned period.

LPG, which comprises propane and butane comes mainly from oil rather than natural gas, but shippers and insurers are steering clear of Iranian supplies due to uncertainty over the scope of the new European Union sanctions.

In 2011 Iran exported some four million tons of LPG worth $4 billion, Reuters reported in October 2012. Last year Iran also exported some $1.4 billion worth of methanol.

The Asian markets accounted for 95.4 per cent of Iran's exports in terms of volume in the first seven months of the current Iranian calendar year, the ISNA News Agency reported on November 27.

Iran exported some 48 billion dollars' worth of goods and technical and engineering services during the past Iranian calendar year which ended March 19.

Movahedi said on December 4 that technical and engineering service exports accounted for four million dollars of the aforementioned amount, IRIB News Agency reported.

Iran plans to exports 51 million dollars' worth of non-oil goods and technical and engineering services by the end of the current year (March 19, 2013).

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