Economy, Business And Markets
0

$3.3b Surplus in Iran's Mineral Trade

Semi-finished steel took the lion’s share of both exports and imports of mineral products, as 8.27 million tons worth $3.12 billion were exported while 3.33 million tons worth $1.96 billion were imported
Iran has more than 37 billion tons of proven mineral reserves and 57 billion tons of potential reserves.Iran has more than 37 billion tons of proven mineral reserves and 57 billion tons of potential reserves.
Mineral exports accounted for 49.3% and 20.1% of Iran’s overall exports while imports made up 29.6% and 10.5% of the total imports in terms of volume and value respectively

Iran exported more than 58.09 million tons of mineral products worth over $8.39 billion during the first 11 months of the current fiscal year (March 21-Feb. 19), down 3% in tonnage and up 6% in value compared with last year’s corresponding period.
Imports during the same period stood at 10.04 million tons worth $5.02 billion, registering a 75% and 34% growth in tonnage and value respectively year-on-year, according to the Iranian Mines and Mining Industries Development and Renovation Organization.
Mineral exports accounted for 49.3% and 20.1% of Iran’s total exports while imports made up 29.6% and 10.5% of total imports in terms of volume and value respectively.
 

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