Iran Sees 13.5% Growth in Non-Oil Exports Last Year
Export volume of non-oil commodities in the last Iranian calendar year [ended March 19] stood at 133.9 million tons, showing a 13.5% surge as compared to the previous year, head of Iran’s Mine House Mohammad Reza Bahraman said on Wednesday.
Given the harsh US sanctions against Iran and the coronavirus outbreak in the country, the Ministry of Industry, Mine and Trade is expected to facilitate the process of export activities, Bahraman added.
He also called on responsible officials at the Industry to make every effort to remove the obstacles facing Iran’s exports sector.
In relevant remarks on May 19, Governor of the Central Bank of Iran Abdolnasser Hemmati said that non-oil exports will have a surge as the country is facing a decrease in the trend of coronavirus outbreak and trade activities are resumed.
“The government's plans for development of non-oil exports and the ways of securing foreign exchange for Iran’s imports in 2020 were reviewed and good decisions were made,” Hemmati added on his Instagram page late on Tuesday referring to the meeting of the Government's Economic Coordination Headquarters with the president in attendance.
"I explained the CBI's different methods for returning exporters' currency to the economic cycle," he said.
A good opportunity has emerged to promote national production, prevent unnecessary imports and increase non-oil exports, he noted.
In relevant remarks on May 8, Iranian Economy Minister Farhad Dejpasand said that the country has kept trading in various fields despite persistence of the US most oppressive sanctions for the past two years.
“Iran’s commercial sector didn’t undergo much change in the past Iranian years 1397 and 1398 [March 21, 2018- March 19, 2020],” Farhad Dejpasand said.
He added that the huge capacity of the country’s economy was proved by nearly $44 billion of import and $41 billion of non-oil export during the mentioned period.
source: Fars News
Top News
Six last month
MinRes halts Bald Hill mine amid lithium price rout
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
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
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
