News ID: 277462
Published: 0212 GMT November 29, 2020

Iran’s seven-month mineral exports top $3b: IRICA

Iran’s seven-month mineral exports top $3b: IRICA
IRNA

Iran exported over $3 billion worth of minerals during the first seven months of the current Iranian year (March 20-October 21), according to figures released by the Islamic Republic of Iran Customs Administration (IRICA).

Iranian mineral complexes exported more than 21.1 million tons of minerals during the said period, which marks a 42 percent drop compared to the corresponding figure for last year, IRNA reported.

The country also imported 2.2 million tons of mining industry products worth $1.7 billion during the seven months, according to IRICA statistics.

Iran exported 65.5 million tons of non-oil commodities worth $18.2 billion during March 20-October 21, said the head of the Islamic Republic of Iran Customs Administration (IRICA) on Nov. 1.

Mehdi Mir-Ashrafi put the country’s total non-oil trade in the said period at $38.3 billion, with a total weight of 85 million tons.

He noted that during March 20-October 21, some 19.3 million tons of commodities worth $20 billion were imported into the country, of which 13.8 million tons were basic goods.

In late April, Iran’s Deputy Industry, Mine and Trade Minister Dariush Esmaeili said the mining sector accounted for 25 percent of the country’s non-oil revenues in the past Iranian calendar year.

Esmaili noted that the steel chain had the biggest share of the income in the mentioned industry.

 “We also have good prospects for the current year as well,” the official said.

Underlining the fact that Iran is one of the richest countries in the mining sector, he added, “If we can make good use of the capacities in this sector, it can increase the people’s welfare and comfort.”

The official referred to the limitations and problems that the US sanctions created for the mining sector in the previous year, saying, “Despite all the hardships, mining products in the country not only did not fall but rose, especially in the steel sector. The level of exports also rose.”

The Industry, Mine and Trade Ministry has provisioned operational targets in the mining sector’s three major areas of exploration, extraction and processing for the current year, he added.

“In the mining industry sector, we have targeted a 25 percent increase in the production of minerals, and in the exploration sector, we will add about 20 percent to the previous reserves.”


 

   
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