Iran’s non-oil exports rise 18 percent in 6 months

The file photo shows an Iranian cargo ship sailing in international waters.

TEHRAN (FNA)- Iran’s non-oil exports in the first half of the current Iranian year (March 21, 2014-September 22, 2014) increased 18 percent compared with the corresponding period in the last year.

The Ministry of Industries, Mines and Trade announced that the country’s total non-oil exports, including goods, services and gas condensates, in the six months amounted to $28.178 billion, showing an 18-percent growth year-on-year which was $23.87 billion.

It also said that Iran exported iron ore, iron and steel products, as well as white cement, worth $1.2 billion during the said period.

The products were among the 10 major Iranian export commodities.

In the same period, the value of Iran’s iron ore granules with a purity of less than 40 percent amounted to $497 million and accounted for 3 percent of the total exports.

This is while the price of each ton of iron ore in the same time-span was about $66.

During this period, Iran exported $411 million worth of steel and iron products accounting for 2.5 percent of the country’s total exports. The price of each ton of the products amounted to $705.

In this period, the country exported $330 million tons of cement, accounting for 2 percent of the total exports. Each ton of the product was valued at $60.

Iron ore, iron and steel products, as well as white cement ranked sixth, seventh and ninth respectively, among the top 10 major Iranian export items.

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.

By Fars News Agency


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