News ID: 269516
Published: 0242 GMT May 27, 2020

Iran’s annual exports from southeastern province top $1b

Iran’s annual exports from southeastern province top $1b

Iran exported commodities worth more than $1 billion in the year to March 19 from the southeastern province of Sistan and Baluchestan, a senior official said.

 

Deputy Minister of Industry, Mine and Trade Majid Rafi-Soltanzadeh said on Wednesday that exports from the province last year amounted to 1.36 million tons, worth $1.09 billion, reported Tasnim News Agency.

He added that the data indicates a 17-percent growth in terms of value compared with the previous year.

The main items exported over the period included construction materials, tar, apple as well as chemical and industrial products, which were exported to Afghanistan, Pakistan, Turkey, Kuwait and the UAE.

Mirjaveh was the leading border terminal of the province, with exports of some 1.1 million tons of commodities, registering an 80-percent growth, the official said.

Some 130,000 tons of commodities were also imported into the province via Mirjaveh border terminal, showing an eight-percent growth in comparison to the preceding period.

Iran has received around $60 billion from exports of products, services and energy since the United States imposed its sanctions on the country’s sale of crude oil two years ago.

A senior official at the Ministry of Trade said in April that Iran had shipped a total of 135 million tons of non-crude goods and products to other countries between March 2018 and March 2020.

Hossein Modarres-Khiabiani who currently serves as the caretaker of the Trade Ministry said on April 21 that declared revenues for those shipments reached around $41.3 billion although he insisted that real income derived from exports over the past two years was around $48 billion, as many exporters normally declare lower values for their cargoes.

Modarres-Khiabani said that Iranian government and the private sector had gained another $12 billion from the provision of technical, engineering and tourism services to other countries as well as from the exports of natural gas.

He said that moving away from oil income turned out to be a blessing for Iran as the country is now feeling the minimum possible pressure from a historic crash in international crude prices.

“If there was no national self-esteem for moving away from oil there could be economic shocks because of the freefall in the price of oil in the international markets,” he said, adding, “Iran has been spared these shocks by relying on (non-oil) export revenues.”

For the past two years, Iran has adopted various measures to help boost exports of various goods and services including lowering tariffs and taking steps to shore up key sectors of the economy like agriculture and manufacturing.

Petrochemical products still account for the bulk of Iran’s exports followed by metals and raw minerals, agro-foods and handicrafts.

 

   
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