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Over $32.5 billion worth of goods were exported from Iran over the past nine months. as the country`s trade balance stands at $65 billion. taking into account the total imports. Modarres Khiabani said.
His comments came as Iran is speeding up efforts to diversify its economy away from oil as normal crude sales have fallen significantly as a result of the American sanctions.
Head of the Trade Promotion Organization of Iran (TPO) Hamid Zadboum said that his country’s success in exporting non-oil exports despite banking restrictions imposed by the US is astonishing. adding that exporters have brought home 70% of the hard currency earned through exports.
Iran`s exports in the current circumstances are astonishing … Difficulties faced by the Iranian exporters are not comparable to those of peers from other countries. said Zadboum. adding that the value of shipments from the country has hit $28 billion in eight months. a figure he describes as astonishing given the pressure of the American sanctions on countries engaged in trade with Iran.
He added that exporters had managed to bring back more than 70 percent of the hard currency earned for the shipments despite the banking restrictions imposed by the US.
Zadboum also said that intermediate goods. including metal products and petrochemicals. had accounted for around 70 percent of Iran’s export to other countries in the eight-month period ending November 21. 2019.
