Iran’s non-oil exports to exceed $50 billion by end of solar year
Azerbaijan, Baku, Feb.17 / Trend F.Mehdi/
Iran's non-oil exports will surpass $50 billion by the end of the current Iranian calendar year (March 20), ISNA quoted Iranian Chamber of Commerce official Asadollah Asgaroladi as saying.
Non-oil imports are valued at $60-65 billion, he said, adding that non-oil exports should approach the imports.
On January 26, ISNA quoted Iranian Finance and Economic Affairs Minister Shamseddin Hosseini as saying that Iran exported $34.5 billion worth of non-oil goods and imported $43.7 billion of non-oil goods during the first 10 months of the current Iranian calendar year, which began on March 20, 2012.
The non-oil exports and imports declined by 2.5 percent and 12.5 percent compared to the same period in the past year, respectively, he added.
He also said that exports of industrial and mineral goods increased by 30 percent, while exports of gas condensates and petrochemical products sharply fell due to international sanctions.
At the beginning of 2012, the United States and the European Union imposed new sanctions on Iran's oil and financial sectors with the goal of preventing other countries from purchasing Iranian oil and conducting transactions with the Iranian Central Bank.
U.S. sanctions entered into force on June 28, while EU bans on Iranian oil imports came into force on July 1.
In October, the EU approved another major package of economic sanctions on Iran.