0324 GMT May 17, 2021
Based on the data, over 55 million tons of minerals and mining industry products worth $7.6 billion were exported in the previous Iranian year, with the imports of such products hitting $3.4 billion, IRNA reported.
The country imported 4.1 million tons of mining and mineral products in the year under review, registering six percent of rise compared to corresponding figure of its preceding year.
The export of such commodities in the previous Iranian year, however, fell 11 percent in terms of value and 21 percent in terms of weight, compared to its preceding year.
Steel has the biggest share in Iran’s export basket of mining products (53.7 percent) with $4.1 billion worth of exports, followed by copper, cement, and zinc products.
In line with Iran’s major plans for distancing the country’s economy from oil and moving toward a resilient economy, the mining sector has become one of the major areas of focus in recent years.
Since the country is one of the world’s top 10 mineral-rich countries, 68 types of minerals have been identified so far, including the world’s largest deposits of copper, zinc, and iron.