News ID: 315245
Published: 1250 GMT August 03, 2021

Iran’s monthly exports from mining sector nears $1.3b: IRICA

Iran’s monthly exports from mining sector nears $1.3b: IRICA

The value of Iran’s exports from the mining sector stood at $1.29 billion in the month to June 21, which was a record high, according to the data released by the Islamic Republic of Iran Customs Administration (IRICA).

The IRICA data indicates that during the said period, steel accounted for 65.9 percent, copper for 11.6 percent, zinc for 3.2 percent, sponge iron for three percent, aluminum for 2.9 percent, cement for two percent, iron pellets for 1.4 percent and other products of mining and mineral industries for 10 percent share in the exports of mining industries products, according to shatanews.ir.

The Iranian mining industry has registered a $4.2-billion trade balance in the previous Iranian year (ending on March 20), according to the Industry, Mine and Trade Ministry data.

Based on the figures, some 55.1 million tons of minerals and mining industry products worth $7.7 billion were exported in the previous year, while the imports of such products stood at only $3.41 billion.

Iran imported 4.15 million tons of mining and mineral products in the year under review, registering six percent and 13 percent year-on-year rise in terms of value and weight, respectively.

The exports 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 the preceding year.

Steel had 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 chain products.


 

   
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