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Iran reveals estimates on value of non-oil exports

Oil&Gas 24 January 2022 10:03 (UTC +04:00)
Iran reveals estimates on value of non-oil exports

BAKU, Azerbaijan, Jan. 23

By Elnur Baghishov – Trend:

The value of Iran's non-oil exports is expected to reach $45 billion for the current Iranian year (March 21, 2021 through March 20, 2022), Deputy Minister of Industry, Mine and Trade and Head of Trade Promotion Organization of Iran (TPOI), Alireza Peymanpak said, Trend reports citing the organization’s website.

According to him, the increase in the value of Iran's non-oil exports for the first nine months of the current Iranian year (March 21 through December 21, 2021) gives grounds to say this.

The deputy minister added that a number of steps have been taken to increase both Iran's non-oil exports and trade turnover. In this regard, government officials pay special attention to export and trade issues, as well as, research the problems of businessmen and help remove barriers to exports.

“The focus is on increasing exports by simplifying the process of bringing the foreign exchange earnings from exports to the country and supporting exporters. Thus, the bringing export earnings to the country for 3 months increased by 10-15 percent, compared to the previous three months,” he said.

The head of the organization noted that in order to diversify export methods, the TPOI has sent 620 documents to the Central Bank of Iran (CBI) to barter products.

Iran's total non-oil exports for the first 9 months of the current Iranian year (March 21 through December 21, 2021) amounted to 92.3 million tons worth $35.1 billion. The exports increased by 40 percent in value and 8 percent in volume, compared to the same period last Iranian year.

Within nine months, Iran imported 30.1 million tons of goods worth $37 billion. Imports increased by 37 percent in value and 20 percent in volume, compared to the same period last Iranian year.

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