Domestic Economy
0

Iran's Mineral Exports Top $3 Billion

A total of 21.17 million tons of mineral products worth $3.04 billion were exported from the country during the seven months, indicating a 42% and 43% decline in total volume and value, respectively
Iran's Mineral Exports Top $3 Billion Iran's Mineral Exports Top $3 Billion

Iran’s export of mineral products during the first seven months of the current fiscal year (March 20-Oct. 21) reached 21.17 million tons worth $3.04 billion, latest data released by the Iranian Mines and Mining Industries Development and Renovation Organization show. 
This marked a 42% and 43% decline in total volume and value year-on-year, respectively. 
According to a new report released by IMIDRO, steel topped the list of exports in terms of value with $1.59 billion and was followed by copper with $457.5 million and cement with $163.4 million.
In terms of tonnage, cement had the largest share with 7.63 million tons, followed by steel with 4.3 million tons. 
According to the IMIDRO data, alumina powder exports saw the biggest jump in terms of value (180% YOY) to reach $1 million, followed by mica with $12,000 (up 72% YOY), ferrosilicon manganese with $130,000 (up 59% YOY), aluminum products with $101.11 million (up 56% YOY) and ferro-molybdenum with $7.39 million (up 18% YOY). 

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com