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Exports of only 7 types of Iranian goods worth over $1B

Business Materials 18 June 2019 18:43 (UTC +04:00)

Baku, Azerbaijan, June 18

By Elnur Baghishov - Trend:

Exports of only seven types of Iranian goods are worth over $1 billion, said Mohammad Reza Modudi, head of Iran's Trade Promotion Organization (TPO), Trend reports via IRNA.

In total, prices of only 13 types of Iran's exported goods range between $500 million-$1 billion, Modudi said.

He added that prices of 345 types of Iranian exports are higher than $10 million.

In case, if Iran becomes a trade hub among its neighboring countries, it will not be dependent on oil money, Modudi said.

Annually, Iran's neighbors import various goods and services in the amount of over $1 trillion, Modudi said, adding that if just 10 percent of these was provided by Iran, Iran would export non-oil goods in the amount of over $120 billion to its neighbors.

In the past 40 years the share of non-oil sector in Iran's total exports increased from 4 percent to 50 percent, Modudi said.

“Presently, the share of steel exports in Iran’s non-oil exports is $3.7 billion, gas condensate - $5 billion, export of knowledge economy and technological products - $2 billion,” he said.

He noted that the share of small industries exceeds $2 billion a year.

He added that the share of 15 neighboring countries in Iran’s non-oil exports is $24 billion and makes up 56 percent of all Iranian exports.

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