Baku, Azerbaijan, Aug. 13
By Fatih Karimov – Trend:
Exports of Iran’s mineral industry products increased by 30 percent during the first four months of current fiscal year (March 20-July 20), the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), said Aug. 13.
Iran exported $2.4 billion worth of mineral industry products in the four-month period as compared to $1.8 billion worth of export during the same period of the preceding year.
The main exported goods were steel, iron and copper products, as well as zinc, precious metals and molybdenum, IMIDRO said.
The Islamic Republic exported $1.1 billion worth of steel products, while the figure for iron ore and copper was $227 million and $373 million, respectively, in the four-month period.
Mines and mining industry of the Islamic Republic exported $7.05 billion worth of goods and services over the last Iranian fiscal year.
The country’s mining product imports in the four-month period stood at $1.1 billion – 29 percent less year-on-year.
Steel products worth $822 million topped the list of imported mineral goods. The country also imported $94 million worth of aluminum products.
Iran imported a variety of minerals and mining industry products, including steel, copper, zinc, coal, coke and titanium as well as stones and downstream mineral industry products in the period.
Iran possesses 7 percent of the world’s total mineral deposits with about 68 kinds of commercially valued minerals, including gold reserves. The volume of Iran’s minerals is estimated at 57 billion tons.
The Islamic Republic is among the 10 major mineral-rich countries.