Iran ranks in at 28 among world's largest exporters

Iran Materials 29 May 2013 17:03 (UTC +04:00)

Azerbaijan, Baku, May.29/ Trend, R. Zamanov

Iran is the world's 28th largest exporter, Iranian Deputy Industry, Mine, and Trade Minister Hamid Safdel said on Wednesday.

Despite EU and US sanctions, the value of Iranian exports is nearing that of the country's imports, the IRIB News Agency quoted Safdel as saying.

Safdel, also the head of Trade Promotion Organization of Iran, went on to note that according to latest reports of World Trade Organization (WTO), Iran's share of world exports is 0.6 per cent.

The reports says that Iran's total exports (including oil and gas) stood at 96 billion dollars. Technical services exports and border transactions were not included in the report.

The world's total exports in 2012 were 18.3 trillion dollars which is 0.2 per cent more than its preceding year, Safdel said.

Iran exported 44 billion dollars worth of goods and technical and engineering services in the previous calendar year, he explained.

That amount accounts of 82 per cent of the country's total imports, Safdel concluded.

Based on Iran Customs Administration's figures, Tehran totally exported 32 billion dollars worth of non-oil goods (excluding gas condensates) in the previous year. Petrochemical exports accounted for 10 billion dollars of the mentioned amount, which equals over 30 per cent of the country's total non-oil exports.

Iran's balance of trade with 97 countries such the United Arab Emirates, South Korea, Switzerland, turkey, and China was negative in the previous calendar year, which ended March 20, the ISNA News Agency reported on March 6.

Tehran's trade balance was also positive with 99 countries, including Iraq, Afghanistan, India, Turkmenistan, and Pakistan.

Deputy Director of the Trade Promotion Organization of Iran, Kioumars Fathollah Kermanshahi said on May 6 that the country's non-oil exports will reach 59 billion dollars in the current calendar year, which ends March 20, 2014.

The announced figure is based on the Fifth Five-Year Economic Development Plan, the IRNA News Agency quoted Kermanshahi as saying.

He went on to note that technical and engineering services will account for 18 billion dollars of the mentioned amount.