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Iran’s non-oil exports rose by 50% in the first quarter of the current Iranian year, its Minister of Industry, Mines and Trade Alireza Razm Hosseini said
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The latest Iranian new year started on March 21, and the numbers Razm Hosseini gave are from the first three months since then
Iran’s non-oil exports rose by 50% in the first quarter of the current Iranian year, local reports on Monday, July 5, quoted Minister of Industry, Mines and Trade Alireza Razm Hosseini as saying.
The latest Iranian new year started on March 21, and the numbers Razm Hosseini gave are from the first three months since then, as compared to the corresponding period last year.
The reports quoted him as saying that because of this increase in non-oil exports, Iran’s trade balance was positive and had reached $500 million.
This, he said, was despite sanctions put on the country by other nations and the Covid-19 pandemic.
Iran customs administration spokesman Rouhollah Latifi had said in May that the country had exported non-oil products worth over $34.998 billion to 143 countries during the last calendar year.
The reports also quoted Iran Chamber of Commerce, Industries, Mines and Agriculture for Exports Commission Chairman Jamshid Nafaras saying that the country’s annual exports and imports would increase 20-40% after it had undergone trade infrastructure development.
Nafar said that if the grounds are set for global trade, this sector could grow 40% — the upper limit.