Cargo transit via Iran grows by 68% YOY
Transit of cargos through Iran has increased 68% in the past Iranian year (ended on March 20) despite the US sanctions, the Iranian government’s figures indicated.
The government figures showed that cargo transit through the Iranian territory reached more than 12.6 million metric tons (mt) in the year to March 20, an increase of nearly 68% compared to the 7 million mt of the previous year.
Transit shipments processed at Shahid Rajaee Port, Iran’s largest container port on the Persian Gulf, accounted for nearly a third of all shipments, said the report, adding that cargoes crossing through main borders with Iraq and Afghanistan had also increased significantly over the past calendar year.
The figures showed around 2 million mt of European cargoes had been transited through the Iranian territory in the year to March despite growing US pressure on transportation companies in Europe to avoid using Iranian road and railway network.
Transit through the Iranian roads covered nearly 76% of all shipments recorded in Iranian customs offices last calendar year, said the report, adding that transit via the Iranian railway network had more than doubled over the same period to reach more than 2.6 million mt.
The report did not elaborate on the amount of income generated by record transit through Iran over the last calendar year.
However, it said the figures show that US sanctions on Iran have mostly backfired as the country has been able to benefit from increased trade revenues at a time its crude oil exports had dropped because of the US bans.
Head of the Islamic Republic of Iran Customs Administration (IRICA) Mehdi Mirasharfi announced in October that transit of goods from Iranian borders has witnessed a considerable growth during the first seven months of the past Iranian year (March 21, 2021-October 23, 2021).
"A sum of 6,948,000 tons of foreign goods were transited through Iranian borders in seven months of current year," Mirashrafi said.
He pointed out that the transit of goods showed a significant 81 percent growth as compared to the same period of the previous year.
Mirashrafi said that 23.5 million tons of non-oil goods, valued at $27.7 billion, were imported into the country via customs offices, recording a 21 and 38 percent hike in terms of weight and value, respectively as compared to the same period of the previous year.
Source: ICCIMA
Top News
Six last month
MinRes halts Bald Hill mine amid lithium price rout
Gold price faces worst week since 2021 as Fed signals no rate-cut rush
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Swapping aluminum for copper will maintain China’s resources, group says
Gold loses some luster after Trump’s decisive win
Hedge funds slash bullish wagers on gold over Trump election win
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Families gather at South African mine shaft where hundreds are feared stuck underground
BHP to spend up to $14 billion on Chilean copper expansion
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
China’s germanium, gallium ban could cost the US $3.4 billion
South Africa police standoff with illegal gold miners escalates
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Newmont sells Ontario gold mine to Orla for $850 million
BHP warns Australian mining not ready for low-cost competitors
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
Newmont sells Ontario gold mine to Orla for $850 million
BHP warns Australian mining not ready for low-cost competitors
Resolute Mining says it will pay Mali $160 million in tax dispute
Trump chooses oil fracking boss as energy secretary
Gold loses some luster after Trump’s decisive win
