Iran's Exports Rise by 18% in 6 Months

Iranian Deputy Minister of Industry, Mines and Trade Mohammad Mehdi Baradaran said that the country has witnessed an 18% increase in its exports in the past six month.

The official noted that 70% of Iran's imports had been raw materials in the last year.

“This year, only 20% of imports were consumer and final goods, such as mobile phones, which were not produced domestically,” he added.

Baradaran also said that Iran's share in the field of home appliance exports has grown by 34%.

Statistics released last week also showed that 38,650,000 tons of non-oil goods, valued at $24.198 billion, were exchanged between Iran and 15 neighboring states in the first half of the current year, showing a seven percent growth.

Iran’s trade value with neighboring states registered a seven percent from March 21 to September 23, registering a seven percent growth as compared to the last year’s corresponding period.

Among the neighboring countries, the maximum export growth is related to Saudi Arabia with a 532 percent hike while the least export growth is related to Pakistan with a 350 percent rise.

Although Iran’s non-oil trade value has registered a seven percent growth in this period, the country’s export volume has shown an 18 percent decline, the report added.

The Islamic Republic of Iran exported 29,280,000 tons of non-oil goods, valued at $12,327,304,446, to neighboring countries from Mar. 21 to Sep. 23, showing a 19 and 10 percent growth in weight and value respectively.

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