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                                        Volume. 12119

Iran exporting non-oil products to over 150 countries: official
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c_330_235_16777215_0___images_stories_edim_04_mg2(19).jpgTEHRAN – Iran is now exporting more than 3,300 kinds of non-oil products to over 150 countries, Iranian Deputy Industry, Mine and Trade Minister Alireza Shoja’i stated. 
 
International sanctions dropped exports of gas condensates and petrochemicals by 12 percent and 33 percent, respectively, last year, IRNA reported on Saturday.
 
The past Iranian calendar year ended on March 20.
 
The sanctions led to a total 6-percent drop in [non-oil] exports, he added.
 
The trend of non-oil exports indicates that even in case of stopping oil exports, the economy can be managed through exports of non-oil products, the official commented.
 
Meanwhile, the official predicted that non-oil exports would exceed $50 billion by the end of the current year.
 
Iran’s non-oil trade with outside world hit $94.8 billion in the past Iranian calendar year, which ended on March 20, Iranian Customs Administration Director Abbas Memarnejad said on Monday.
 
Non-oil exports stood at $41.5 billion, while imports amounted to $53.3 billion in the past year, he added.
 
According to official statistics, the figures were $43.7 billion and $61.7 billion, respectively, in the calendar year which ended in March 2012. 
 
At the beginning of 2012, the United States and the European Union imposed new sanctions on Iran’s oil and financial sectors.
 
The sanctions, which prevent the EU member states from purchasing Iranian oil or extending insurance coverage for tankers carrying Iranian crude, came into effect on July 1, 2012.
 
The U.S.-engineered sanctions were imposed based on the accusation that Iran is pursuing non-civilian objectives in its nuclear energy program. Iran rejects the allegation, saying that as a committed signatory to Non-Proliferation Treaty and a member of the International Atomic Energy Agency, it has the right to use nuclear technology for peaceful purposes.

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Last Updated on 27 April 2013 17:30