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Iran non-petroleum exports to reach $83 billion by 2015

Iran Materials 19 May 2012 12:24 (UTC +04:00)

Azerbaijan, Baku, May 19 / Trend M. Moezzi /

Iran plans for $83 billion in non-petroleum exports and $77 billion in imports by 2015.

The objective is laid out in the country's Fifth Five-year Socio Economic Development Plan (2011-2015), and Iran's achieving it hinges on a stable exchange rate and established laws and regulations, a trade official told the Islamic Republic News Agency (IRNA).

Last year (Iran's solar year ended on March 19), exports surpassed their target of $45 billion to reach $48 billion, Kiumars Fathollah Kermanshahi, a deputy director at the Trade Promotion Organization of Iran (TPO), said.

Although the Fifth Development Plan calls for $52 billion in non-oil exports for this year, a task force led by Iran's First Vice President, Mohammad Reza Rahimi, has pushed that target to $75 billion.

Imports last year totaled $62.7 billion, higher than the $61 billion set out in Iran's five-year plan. They are targeted to reach $65 billion this year.

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