Iran’s non-oil exports surpass $9.7bln in 1Q

TEHRAN (FNA)- Iran’s non-oil exports exceeded $9.7 billion in the first quarter of the current Iranian year (started March 21) irrespective of the US-led western sanctions imposed against the country, customs data showed on Monday.

Iran exported 21.699 tons of different goods, including gas condensates, worth $9.751 billion from March 21 to June 21, the Iranian Customs Administration reported.

Non-oil commodities accounted for $5.112 billion of the total $9.751 billion worth of goods exported in the first three months, while the export value of gas condensates and petrochemicals stood at $2.096 billion and $2.542 billion, respectively.

According to officials, Iran’s non-oil exports exceeded $41 billion in the last Iranian year (ended March 20) despite the sanctions and restrictions imposed by the West on Tehran.

“The value of the country’s non-oil goods exported last year hit $41.3 billion,” Ali Masoumi, an official at the Ministry of Industry, Mines and Trade, said.

In relevant remarks in May, Iranian Minister of Industry, Mines and Trade Mehdi Qazanfari said that the sanctions and restrictions imposed by the West on Iran’s economy have caused a sharp reduction in Tehran’s dependence on oil revenues, and encouraged the country to increase exports of non-oil products.

Qazanfari dismissed the effectiveness of the sanctions on Iran’s non-oil exports, and said that Iranian economy’s dependence on oil revenues fell by half just in one year.

“A 100% dependence on oil revenues fell by half in one single year as a result of the West’s increased sanctions; we could have needed long years to do so … but the reduction of oil incomes happened just in one year.”

Also, earlier this year, Head of the Exports Commission of the Iranian Chamber of Commerce, Industries, Mines and Agriculture Asadollah Asgaroladi said that his commission plans to equalize the volume of the country’s non-oil exports and imports in the next Iranian year (started March 21).

“If we are due to import goods worth about $60bln to $65bln, the country should have the same amount of exports,” Asgaroladi said in February.

Earlier this year, Head of the Exports Commission of the Iranian Chamber of Commerce, Industries, Mines and Agriculture Asadollah Asgaroladi said that his commission plans to equalize the volume of the country’s non-oil exports and imports in the next Iranian year (started March 21).

“If we are due to import goods worth about $60bln to $65bln, the country should have the same amount of exports,” Asgaroladi said in February.

By Fars News

 

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