Pharmaceuticals, medical equipment exports up 50%: TPO

November 5, 2016 - 9:29

TEHRAN - Iran has exported $103 million of pharmaceuticals and medical equipment since the beginning of the current Iranian calendar year (March 20), a 50 percent rise year on year, IRNA reported quoting Trade Promotion Organization Head Mojtaba Khosrotaj as saying on Thursday.

On October 25, Iran’s Vice President for Science and Technology Sorena Sattari announced the country’s plan to export pharmaceuticals to European countries in the near future.

He said that most of Iran’s pharmaceuticals have been produced using biotechnology.

“Ninety-eight percent of the country’s required pharmaceuticals are produced domestically,” he noted.

He also said that “since two years ago, Iran has exported large amounts of pharmaceuticals to neighboring countries, including Russia,” adding that the Islamic Republic aims to start exporting pharmaceuticals to European countries. 

Iran’s exports of non-oil products in the first seven months of the current Iranian calendar year (March 20-October 21) stood at $24.657 billion, with 4.34 percent rise from $23.633 billion in the same period last year.

The country also imported $24.051 billion of non-oil goods during the mentioned time span, witnessing a 0.1 fall from the figure of the previous year.

MA/MG

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