Baku, Azerbaijan, Nov. 14
By Khalid Kazimov – Trend:
A recent report by Tehran Chamber of Commerce, Industries, Mines and Agriculture has suggested that Iran exported inexpensive commodities and imported expensive goods over the first seven months of the current Iranian year (started March 20), an indication of the country’s low capability in producing value-added products.
The report says that crude and oil products form a large part of the exported commodities.
The government’s earlier issued statistics said the volume of exports of non-oil products in the mentioned period increased by 4.3 percent year-on-year.
However, the report by Tehran Chamber of Commerce has revealed that the volume of non-oil exports has dropped by 1.3 percent.
The reason behind the difference in statistics provided by the government and Tehran Chamber of Commerce is the government’s decision to consider oil based commodities, such as gas condensates as non-oil products.
Iran exported $63 billion worth of products in 2015. According to Tehran Chamber of Commerce, oil and oil products formed 43 percent of the country’s exports in 2015.
In the meantime, Iran exported $5.4 billion worth of food products, $2.5 billion worth of iron and steel products, $114 million worth of medicines and $872 million worth of textiles and garment.