Economy, Domestic Economy

Tehran Registers $2b Trade Surplus

Tehran Registers $2b Trade SurplusTehran Registers $2b Trade Surplus

Tehran Province recorded a trade surplus of $2 billion over the last Iranian year (ended March 20) as its non-oil exports and imports stood at $11 billion and $9 billion respectively, according to Tehran’s Governor General Hossein Hashemi.  Thanks to its highly skilled workforce, Tehran’s exports of engineering and technical services reached $9 billion, which account for 75% of the country’s total exports in this sector, IRNA cited him as saying.  Regarding its unlocked potential and remarkable capacities, Tehran’s share of non-oil exports is expected to rise to 25% on the yearly basis from the current 19%, he added. “Shifting from the imports of consumer goods to capital and intermediate goods is one of our goals in the current year,” he said.  Referring to the high capacity of tourism in Tehran, Hashemi went on to say that revenues gained on the back of tourism in the last Iranian year hovered around $8.5 billion which registered a 100% growth compared to a year before.