...

Official: Over 80 per cent of imports into Iran carried out using oil income

Iran Materials 7 September 2012 13:42 (UTC +04:00)

Azerbaijan, Baku, Sep.7/ Trend F.Milad/

More than 80 per cent of imports into Iran during the past seven years have been carried out using oil income, the Iranian Customs Administration head said.

Abbas Memarnejad added that oil income amounted to $480 billion during the past seven years, the ILNA news agency reported. He also put the value of Iran's trade during the seven-year period at $230 billion.

On August 5, finance and economic affairs minister said Iran conducted economic transactions with 150 countries in the last calendar year.

Shamseddin Hosseini said of this number, 80 transited their products through Iran.

Iran continues trading with the world at a time when certain countries are trying to put hurdles in front of its economic progress, the minister said.

Iran's annual trade turnover is projected to reach $160 billion by the end of the fifth five-year development plan (March 2016), an official with the Trade Promotion Organisation of Iran (TPOI) said in May.

Kiyumars Fathollah Kermanshahi added that the value of annual imports and exports is planned to reach $77 billion and $83 billion respectively by 2016.

Tags:
Latest

Latest