Minerals, mining export at $9.2b in a year

Tehran Times – The value of Iran’s minerals and mining industries’ exports stood at $9.226 billion in the past Iranian calendar year (ended on March 20, 2019), IRNA reported on Tuesday citing the data released by Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).

IMIDRO data indicate that the steel products account for the lion’s share of the exports from this sector in the past year, with the value of $4.1 billion.

According to the head of Islamic Republic of Iran Customs Administration (IRICA), the country’s non-oil trade balance was $1.7 billion positive in the past Iranian calendar year.

The value of non-oil exports stood at $44.3 billion in the previous year while $42.6 billion worth of commodities were shipped into the country.

Iran is one of the top 10 mineral-rich countries where 68 types of minerals have been identified so far, including the world’s largest deposits of copper, zinc and iron ore, which are tempting international investors.