Iran set a target to supply a fifth of all goods imported into 15 neighboring and nearby countries, says a senior trade official amid efforts to boost non-oil exports to compensate for losses suffered because of lower crude sales.
The total value of non-oil export shipments from Iran between December 20, 2020 and January 19, 2021 reached $2.9 billion, according to figures released by the Islamic Republic of Iran Customs Administration (IRICA).
The value of Iran’s exports to its regional Arab trading partners surpassed $10.7 billion in the 10 months to January 19, said Farzad Piltan, the director general of Trade Promotion Organization (TPO)’s Department of Arab and African Countries.
Iran exported $773 million worth of cast iron and steel to China during the nine months to December 20, 2020, according to figures released by the Islamic Republic of Iran Customs Administration (IRICA).
The managing director of Iran’s National Petrochemical Company (NPC) said that Qeshm Island has an excellent position to turn into a hub of construction, development, production, and export of a variety of petrochemical products.
East Azarbaijan Province, in northwestern Iran, exported commodities worth $893 million during the 10 months to January 19, according to a provincial official of the Islamic Republic of Iran Customs Administration (IRICA).
Exports are expected to continue improving, following the return to growth in December, the first uptick in 10 months, supported by higher demand from trading partners and better global trade sentiment, said the Bank of Thailand (BoT).