Iran’s Industry. Mine Sectors Experience 18% Growth

Iranian Minister of Industry. Mine and Trade Reza Rahmani voiced his satisfaction in the country’s growth in the industrial and mining sectors.

Rahmani pointed to the development indices in industry and mining sectors. and said. “It has experienced 18 percent rise during the first six months of the current Iranian calendar year (started on March 21. 2019).

The minister of industry. mine and trade said that Iran has experienced 6.5 percent growth in steel. 9.1 percent rise in steel products. over 6 percent growth in cement and 13 percent rise in glass production compared with the same period last year.

In a relevant development on Monday. Economy Minister Farhad Dejpasand said that Iran exported more than $60 billion worth of non-oil goods during the past one and a half years.

“Iran’s non-oil exports reached 61 billion dollars over past 18 months.“ Dejpasand said.

He added that only 27 billion dollars have been repatriated. that is. 45 percent of the total sum. 

Iran obliged exporters several months ago to repatriate their forex revenues in a bid to resuscitate the country’s economy.

In a relevant development on Sunday. Head of Iran`s Customs Administration Mehdi Mirashrafi said Iran’s non-oil trade with the world surpassed $42 billion in the first 6 months of the current local calendar year.

Iran`s non-oil exports (excluding crude oil. kiln oil and kerosene. as well as luggage exports) amounted to more than 70 million tons valued at $ 20.9 billion during this period (Iranian Calendar system starting from March 2019). according to Iran Customs.

According to the report. the top five exporting countries in Iran during this period were China. Iraq. Turkey. the United Arab Emirates (UAE) and Afghanistan. respectively. accounting for 75% of Iran`s total export value.

Iran also imported 16.5 million tons of goods valued at $ 21.2 billion during the period.

 

 

 

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