Iran mineral, industrial exports up 30 percent

Business Materials 12 March 2013 16:29 (UTC +04:00)

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

Iran's mineral and industrial exports faced 30 percent increase in the first eleven months of current Iranian calendar year, which began March 20, the Iranian Industry, Mine, and Trade Minister Mehdi Ghazanfari said on Tuesday, the IRIB News Agency reported.

"Sanctions first affected Iran's economy but now domestic manufacturers are playing an active role to meet people's demands," he said.

Tehran plans to exports 51 million dollars worth of non-oil goods and technical and engineering services by the end of current year.

Iran holds three percent of the world's mineral reserves, which puts the country first in the Middle East and third in Asia.

Iran is ranked among the 15 major mineral-rich countries of the world and exports its industrial and mineral products to 159 countries, including Iraq, China, the United Arab Emirates, India and Afghanistan.

The important mines of Iran include coal, metallic minerals, sand and gravel, chemical minerals and salt.

Iran has the world's largest zinc and second largest copper deposits and ranks ninth for its iron reserves.