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Iranian official: Non-oil exports to be less than projected figure this year

Iran Materials 16 September 2013 12:23 (UTC +04:00)

Azerbaijan, Baku, Sep.16/ Trend F.Karimov/

Iran's non-oil exports will certainly stand between $37-38 billion in the current Iranian calendar year, which will be far less than the projected figure of $60 billion, ISNA quoted the Chairman of the Chamber of Iran's commerce, industry and mine Asadollah Asgaroladi as saying.

This year's national budget bill has envisaged that non-oil exports will reach $60 billion. But, the value of exports will hardly reach $40 billion, he said.

Non-oil exports stood at $18 billion in the first half of the current Iranian calendar year, which began on March 21, Asgaroladi added.

The figure showed an 8 percent drop year on year, he said.

China, Iraq, the UAE, Afghanistan and India were the top five importers of Iranian goods during the first five months of the current Iranian calendar year (March 21-August 22), according to the Iranian Customs Administration.

Exports of Iranian goods to these countries amounted to $2.540 billion, $2.365, $1.436 billion, $1.188 billion, and $915 million respectively in the 5-month period.

Exports to the five countries accounted for 80 percent of Iran's total exports in weight and 70 percent of the country's exports in value.

Meanwhile, the UAE, China, and India were the main exporters of goods to Iran during the same period, so that they exported $3.214 billion, $3.02 billion, and $1.614 billion to Iran respectively.

Rice, fodder corn, wheat, and steel ingots were the main goods exported to Iran.

Iran exported around $43.7 billion worth of non-oil goods in the previous Iranian calendar year and imported about $61.8 billion worth of non-oil goods to hit the unprecedented mark of $105 billion in annual trade.

In May 2012, Deputy Director of Trade Promotion Organization of Iran Kiyumars Fathollah Kermanshahi said that annual imports and exports are projected to reach $77 billion and $83 billion respectively by March 2016.

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