Iran’s services export hits $6B in 5 months
Baku, Azerbaijan, Nov. 8
By Fatih Karimov – Trend:
Iran’s services exports were materialized by 81 percent during the first five months of current fiscal year (March 20-Aug. 20, 2016).
The country exported $6.31 billion worth of services during the period, while the figure was planed to hit $7.823 billion, Iran’s Trade Promotion Organization (TPO) reported.
Tourism sector revenues stood at $3.56 billion, while the country exported $1.63 billion worth of technical and engineering services in the five-month term.
The country’s revenues through road transportation and transit stood at $813 million, followed by air transportation ($141.3 million), marine ($55 million) and railway ($35.8 million) transportation.
The IT sector services export hit $75 million during the five-month period.
Iran is expected to export $18.775 billion worth of services during the current fiscal year (started March 20, 2016), according to the report.
The value of the services provided to other countries is planned to reach $30 billion by 2021, Mojtaba Khosrotaj, head of the TPO, said last month.
The value of Iran’s annual technical and engineering exports stood at $2.257 billion during the fiscal year to March 2016, 154 percent more year-on-year.
Tourism and transportation revenues stood at $8.5 billion and $2.784 billion, respectively, during the same 12-month period.