Iran discloses amount spent on import and foreign trips

Business Materials 7 November 2019 14:50 (UTC +04:00)

BAKU, Azerbaijan, Nov. 6

By Elnur Baghishov - Trend:

Some $1.3 trillion in Iran has been spent on import and payment provided by the state for the citizens’ trips to the foreign countries over the past 15-20 years, former Head of the Iran Trade Promotion Organization Mohammad Reza Modudi said at a meeting with local exporters, Trend reports referring to Tasnim News Agency.

“Over the past 50 years, Iran’s expenditures on the import and the citizens’ trips reached $2 trillion, and 65 percent of this sum account for the last 15-20 years,” Modudi added.

The former head of the organization stressed that without a specific program, Iran's economy will not develop, and employment and export volume will not increase.

Modudi said that Iran must set the priorities to use its export potential towards neighboring countries.

"Some 86 percent of Iran's export in last Iranian year [from March 21, 2018, through March 21, 2019] accounted for 74 types of products," the former head of the organization said.

Last Iranian year, Iran exported 117 million tons of products worth $44.3 billion. The main products exported by Iran included gas condensate worth $4.93 billion, natural gas worth $1.92 billion, propane worth $1.71 billion, lubricants worth $1.45 billion (excluding gasoline) and methanol worth $1.35 billion.