Iranian Cooperatives Exports Exceed $1.7 Billion in 15 Months
With the new approach adopted in the Iranian government, the non-oil exports have increased and new export markets such as African markets were expanded for the exports of Iranian non-oil commodities.
According to statistics released by the Islamic Republic of Iran Customs Administration (IRICA), the non-oil export of cooperatives in 1401 (March 21, 2022-2023) compared to 1400 (March 21, 2021-2022) grew by 20%. Previously, it had been announced by the deputy economy minister that the cooperative sector's exports stood at $1.5 billion, while the latest IRICA figures revealed that $1.7 billion worth of cooperatives products were exported last year and during the first three months of this year.
“The exports of the cooperative sector reached more than $1.7 billion from the beginning of 1401 to the end of the month of Khordad this year of 1402, and the export of the cooperative sector increased by 29% compared to the same period in the previous year [of 1400],” Mehdi Maskani, the Iranian Deputy Minister of Cooperatives, Labor and Social Welfare told Iranian media.
He declared the share of cooperative sector in non-oil exports last year to be at 2.9%, adding, “The most important goals of cooperative sector in the field of exports are discovering target countries, empowering and marketing cooperative companies.”
Maskani considered cooperative companies at the shared borders between Iran and the neighboring countries to be spearheading the cooperative sector's exports and announced the increase of border residents' exports share from the previous year’s $300 to $600 this year.
“Currently, 75% of Iran's non-oil exports are exported to the five target countries of China, Turkey, Iraq, India and the UAE, but the exports of cooperatives are to the 10 target countries of Turkey, Qatar, the UAE, Iraq, Oman, Russia, Afghanistan, Pakistan, Armenia and Kazakhstan takes place, which shows the diversity of cooperatives' export destinations just as the diversity of their products,” the deputy labor minister added.
According to the latest figures, the volume of exports of cooperatives in the last 15 months was more than $1.7 billion, indicating 20% growth compared to the year 1400 and was twice the growth rate of non-oil exports in other sectors.
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