Iranian product exports' value down by $3B
Baku, Azerbaijan, Oct. 16
By Elnur Baghishov - Trend:
Development process has been observed in the foreign trade of Iran during the first half of the current year (beginning from March 21, 2018), Mojtaba Khosrowtaj, the Deputy Minister of Industry, Mine and Trade of Iran and Director General of Trade Promotion Organization of Iran said, ILNA news agency reported.
Compared to the same period of last year, a 13-percent growth has been observed in exports, Khosrovtaj added.
He noted that the value of exports amounted to $20.1 billion during the 6 months’ period of last year. And in the current year, the value of exports has reached $23 billion. And the value of imports has amounted to $22.180 billion, whereas during the same period of last year, the products worth $25 billion were imported. And this testifies to 12 percent decrease in the imports.
The deputy minister added that the volume of Iran’s foreign trade with the exception of oil has amounted to $45 billion.
"If we keep up the good work till the end of the year, the volume of trade with the exception of oil will reach $90 billion," he said.
Khosrovtaj said for the initial six months, the exports of products from Iran to Iraq has increased in value terms by 45 percent and has reached $4.5 billion and added that during that period the exports to China have increased by 12 percent, and to the United Arab Emirates – by 33 percent.
Among the 20 countries to which Iran exports its products, exports to 14 counties have increased, and exports to 6 countries have decreased.