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IMF: Iran’s trade turnover to increase 40% by March 2022

Business Materials 28 February 2017 15:10 (UTC +04:00)

Baku, Azerbaijan, Feb. 28

By Emil Ilgar – Trend:

Iran’s total exports, including oil export, will increase from $102.2 billion in the current fiscal year (started March 21, 2016) to about $132.7 billion in the fiscal year to March 2022, the International Monetary Fund forecasts.

According to a report published on IMF’s website, Iran’s imports will increase from $79.4 billion in the current fiscal year to $120.1 billion in the fiscal year to March 2022.

A quarter of Iran’s export growth is forecast to account for oil export growth, which will increase from $67.4 billion in the current fiscal year to $74.9 billion in the fiscal year to March 2022.

In total, Iran’s foreign trade turnover will increase by 40 percent to $253 billion form March 2016 to March 2022.

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