Iran’s non-oil exports predicted to hit $59.5b in next fiscal year

Iran’s non-oil exports in the next Iranian calendar year, which starts on March 21, 2013, is predicted to hit $59.5 billion, Trade Promotion Organization of Iran Director Hamid Safdel stated.

Exports of mineral, agricultural, industrial, and petrochemical products are seen to add up to $41 billion, the Mehr News Agency quoted Safdel as saying on Monday. The value of technical and engineering exports is estimated to be around $5.5 billion, he added.
Exports of other goods, including gas condensates, are envisaged to reach $13 billion, he noted.
On December 29, 2012, Iranian Customs Administration Director Abbas Memarnejad said Iran conducted $71.2 billion in trade of non-oil goods with other countries during the first nine months of the current Iranian calendar year, which began on March 20.
Some $31 billion worth of non-oil goods were exported, and nearly $40.2 billion worth of non-oil goods were imported during the nine-month period, the Fars News Agency quoted Memarnejad as saying.
Iron and steel ingots, wheat, and corn fodder were the main goods imported, and liquefied propane, urea, and cement were the main items exported.
Iraq, China, the United Arab Emirates, Afghanistan, and India were the top importers of Iranian goods during the period, while the United Arab Emirates, China, Turkey, South Korea, and Switzerland were the leading exporters of goods to Iran, Memarnejad said.
Iran is currently in trade with 151 countries, he noted.
In July 2012, Finance and Economic Affairs Minister Shamseddin Hosseini said Iran conducted economic transactions with 150 countries in the previous Iranian calendar year (March 2011-March 2012). And about 80 countries transited their products through Iran, he added.
Iran continues trading with the world at a brisk pace, even though certain countries are currently trying to create obstacles in order to hinder the country’s economic progress, the finance minister said.
Iran exported around $43.7 billion worth of non-oil goods in the previous Iranian calendar year and imported about $61.8 billion worth of non-oil goods to hit the unprecedented mark of $105 billion in annual trade.
Trade Promotion Organization of Iran Deputy Director Kiyumars Fat’hollah Kermanshahi said in May that annual imports and exports are projected to reach $77 billion and $83 billion respectively by March 2016.
Source: Tehran Times

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