Economy, Business And Markets

$3.2b in Customs Revenues for Hormozgan

$3.2b in Customs Revenues for Hormozgan$3.2b in Customs Revenues for Hormozgan

Revenues gained by Hormozgan Province’s Customs Administration in the last Iranian year (ended March 20, 2017) stood at 120 trillion rials ($3.2 billion), IRNA quoted customs inspector of the southern province, Alireza Dashtani, as saying.

Hormozgan has 1,000 kilometers of coastlines stretching from the Persian Gulf to its southwest facing the UAE, Qatar and Bahrain, and to the Sea of Oman to its southeast facing Oman.

The province’s capital and port city Bandar Abbas occupies a strategic position in the Strait of Hormuz—a key waterway from which almost half the world’s crude oil supply passes.

It is also home to Iran’s biggest container port Shahid Rajaee, which accounts for more than half of Iran’s total port throughput.

Some 44 million tons of goods worth more than $11.14 billion were exported from and nearly 10 million tons worth $18.65 billion were imported to Iran via Shahid Rajaee Port in the last fiscal year, registering a 44% and 12% growth in tonnage and value respectively compared to the year before.

Some 5 million tons of cargos were transshipped at the port over the period.

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