Iran’s export of technical services grows by 376%
Figures show that Iran’s export of technical and engineering services increased by 376 percent in the last Iranian year (March 2021-March 2022).
Iran's foreign trade has seen significant growth since President Seyyed Ebrahim Raeisi took office in August last Iranian year, IRNA reported.
Foreign trade growth, exports in particular, has significant effect on the country’s economic growth, the inflow of reserve currencies, and mitigation of the impacts of sanctions.
Figures from the Trade Promotion Organization (TPO) show that Iran’s exports and imports respectively amounted to $34.8 billion and $38.9 billion in the Iranian year 1399 (March 2020-March 2021). The numbers increased to $48.6 billion and $53 billion in the next year (March 2021-March 2022).
This indicates that Iran’s exports increased by 40 percent and its imports by 36 percent in the March 2021-March 2022 period compared to the year before.
The trend continued in the first quarter of this Iranian year (March 21-June 21, 2022) when Iran’s exports increased by 21 percent to 13.1 billion dollars and its imports grew by 18 percent to $12.5 billion, compared to $10.8 billion and $10.6 billion in the same period last year.
Among various sections, the export of technical and engineering services experienced a significant growth, reaching $2.3 billion in the Iranian year 1400, compared to $493 million the year before.
This is indicative of a 367 percent surge in this area of exports which saw an even greater increase this spring, stretching from last spring’s $17 million to $105 million.
Source: Iran daily
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