Iran plans for 25% increase in non-oil exports

May 28, 2017

TEHRAN- Iranian Industry, Mining and Trade Minister Mohammadreza Nematzadeh announced that the country plans to increase its annual non-oil exports by 25 percent by the end of the current Iranian calendar year (March 20, 2018), IRNA reported on Saturday.

While putting emphasis on the significance of training in the field of exports, the minister said that besides submitting statistics on their output, the production units should also pay special attention to submitting their exports statistics. 

Based on the data released by Iran's Customs Administration in late March, the country's trade balance was reported positive for the second consecutive year.

Iran’s value of exports during the Iranian calendar year of 1395 (ended on March 20) was reported to be $43.93 billion while the figure for imports stood at $43.684; the value of exports was $246 million higher than that of imports.

Gas condensate, liquefied natural gas (LNG) followed by low-density oils, associated petroleum gas (APG) and hydrocarbon gas liquids and finally liquefied propane were among top exported commodities from Iran.

The country's trade balance for the Iranian calendar year of 1394 (March 2015-March 2016) was also $924 million positive.

MA/MG

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