Rise of Iran`s Exports from Western Province

Iran has increased its exports of non-oil goods by over 100 percent from the country`s Western province of Kordestan in the first 11 months of the current Iranian year (March 20. 2017-February 20-2018). a provincial official announced.

`We witnessed 113 percent growth in export of goods from borders of this province in the 11 months of the current Iranian calendar year in 1396 (will end March 20. 2018) as compared to the same period of last year.` Director General of Kordestan Province Customs Office Bakhtiar Rahmanipour said.

He underlined that customs offices of Sanandaj. Bashmaq of Marivan and Sayranband of Baneh are busy in the field of importing and exporting of goods.

Rahmanipour put the total volume of goods transited via Bashmaq Border in the province in the first 11 months of the current year at $4.495 billion.

`Goods transit volume in Kordestan province in the same period recorded 75 and 66 percent hike in terms of volume and value respectively.` he added.

He pointed out that 1.500 trucks are transited everyday via Bashmaq and Sayranband borders in the province. and said. `Total daily transit of products in Bashmaq border stands at $13 million.`

In relevant remarks earlier in February. a senior trade official announced that the value of Iran’s exports to China as its top trading partner witnessed a 25.2 percent rise compared to 2016.

`Iran`s major commodities exported to China last year included crude oil. polyethylene. methanol. sulfur. styrene. iron ore. copper ore. purified copper. chromite. lead ore. zinc ore. marble and travertine.“ Hossein Roustayee. an official with the Trade Promotion Organization of Iran said.

He noted that the value of trade balance between Iran and China hit $18.58 billion in 2017.

China is Iran`s biggest trade partner. The latest Islamic Republic of Iran Customs Administration’s statistics show China exported 3.8 million tons of commodities to Iran worth $10.22 billion in the first 10 months of the current fiscal year (March 21. 2017-January 20. 2018). Imports from China saw a rise of more than 5% in weight and 21% in value in the 10-month period.

During a visit to Iran after the 2015 nuclear deal was signed. Chinese President Xi Jinping agreed on a wide-ranging. 25-year plan to increase bilateral trade with Iran by over tenfold to $600 billion in the next decade.

Iranian became the sixth largest supplier of iron ore to China by shipping about 22 million tons to the world’s largest importer of the mineral in 2017.

 

About core

Check Also

U.S. Senate Panel Expected to Vote on Bill Allowing Lawsuits against OPEC

A U.S. Senate panel will consider as soon as next week a bill to open …

Leave a Reply

Your email address will not be published.