Official: Iran’s non-oil exports to hit $48bln by March

TEHRAN (FNA)- A senior Iranian trade official announced that the country is preparing for a considerable growth in its non-oil exports.

“Iran’s non-oil exports will hit $48 billion in the current Iranian year (March 21, 2014-March 20, 2015),” Secretary-General of Iranian Chamber of Commerce Hossein Noqrehkar Shirazi said on Wednesday.

He noted that the remarkable growth in Iran’s non-oil export can pave the way for the country’s presence on wider international economic scenes.

In September, the Ministry of Industries, Mines and Trade announced that the country’s total non-oil exports, including goods, services and gas condensates, in the first half of the current Iranian (March 21, 2014-September 22, 2014) amounted to $28.178 billion, showing an 18-percent growth year-on-year which was $23.87 billion.

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 year, Nematzadeh said, addressing a ceremony for inauguration of an investment project in Tehran.

Iran’s major exported items during the said period 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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