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Iran’s non-oil exports surpass $27 billion

Iran’s non-oil exports surpass $27 billion

TEHRAN: Iran’s Customs Administration announced a speedy rise in country’s non-oil exports in the first seven months of the year which signals a noteworthy growth in the following Iranian calendar year.

The value of Iran’s non-oil exports amounted to over $27 billion in the seven months of the current year, a report by the Customs Administration said. It noted that 55 million tons of commodities have been exported during the same period.

Earlier this year, Iranian Minister of Industry, Mine and Trade Mohammad Reza Nematzadeh announced that the country plans to further increase its non-oil exports.

Iran plans to augment exports of its non-oil commodities to $50bln by the end of the current Iranian year (will end March 20, 2015), Nematzadeh said, addressing a ceremony for inauguration of an investment project in Tehran.

Iran’s major exported items during the past quarter comprised liquefied propane, methanol and bitumen and the main export destinations, in descending order, were China, Iraq, the UAE, Afghanistan and Turkey. The country’s major imports in the past three months included wheat, vehicles with Internal combustion engines, rice and soy oil cake, which mainly came from the UAE, China, India, Turkey and South Korea.