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Minerals, mineral industry products ‎make 22% of Iran’s non-oil exports

Business Materials 7 January 2018 17:09 (UTC +04:00)

Baku, Azerbaijan, Jan. 7‎

By Fatih Karimov – Trend:

Exports of Iran’s minerals and mineral industry products valued at $6.86 billion during the first nine months of the current fiscal year (March 20-Dec. 22), accounting for 22 percent of the country’s overall non-oil exports in terms of value.

The figure indicates a rise by 3 percent compared to the same period of the preceding year, the country’s Industry, Mines and Trade Ministry announced Jan. 7.

The volume of exports surpassed 48.663 million tons in the 9-month period, 1 percent more year-on-year, according to the report.

Minerals and mineral industry products made 55 percent of Iran’s total non-oil exports in terms of volume.

The products covers steel and iron products, aluminium, copper, molybdenum, lead and zinc chain products as well as cement, ceramic and tiles, all types of stones, coal and coke, chromium, mica, nickel, precious metals and titanium.

China, Iraq, Afghanistan, the United Arab Emirates, India, Kuwait, Bangladesh, Pakistan, Oman, Qatar, Thailand, Indonesia, Italy, Turkmenistan, Taiwan, Turkey, Somalia, Russia And Egypt were among the main destinations for Iran’s mineral sector exports.

The Islamic Republic also imported $4.084 billion worth of mineral industry products in the period, 33 percent more year-on-year.

However, the volume of the imports increased by 86 percent to 9.115 million in the first nine months of the current fiscal year.

Mineral sector imports accounted for 34 and 11 percent of the country’s overall imports in terms of volume and value, respectively.

Steel, aluminium, copper, lead and zinc chain products, iron ore, all kinds of ceramic products and tiles, chrome, coal and coke were among the main imports in this sector.

China, the UAE, Turkey, India, South Korea, Switzerland, Germany, Italy, Russia, Sweden, Belgium, Spain, Australia, Bulgaria, Kazakhstan, Indonesia, Japan and Taiwan were the top exporters of minerals and mineral industry products to Iran in the 9-month period.

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