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Minerals share significant part of Iran’s non-oil exports

Business Materials 19 February 2018 14:44 (UTC +04:00)

Baku, Azerbaijan, Feb. 19‎

By Gazenfer Hamidov – Trend:

The latest official statistics indicate that export of Iran’s minerals and mineral industry products has witnessed increase in terms of value, during the first 10 months of the current fiscal year (March 20-Jan. 21).

Exports of the products valued $7.59 billion during the 10-month period, 4.6 percent more year-on-year.

Mineral industry products shared 20.5 percent of Iran’s overall non-oil exports during the 10 months.

The volume of the exports surpassed 53.34 million tons in the period, 1.3 percent less year-on-year, according to the Islamic Republic Customs Administration data.

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

Iran exported 15.8 million tons of iron ore, worth $877 million in the period. The volume of the exported iron ore registered a fall by 2 percent, meanwhile its value witnessed an increase by 44 percent.

The country also exported 12.9 million tons of cement, worth $482 million, 4 and 1 percent more respectively, year-on-year.

Export of crude steel and its products accounted to 7.2 million tons, which was 29 percent more compared to the 10-month period of the preceding year. Meanwhile the value of the steep products’ exports increased by 11 percent to $2.712 million in the period.

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