Economy, Domestic Economy

Industrial Exports Up 3.4%

Industrial  Exports Up 3.4%Industrial  Exports Up 3.4%

Close to $20 billion worth of industrial goods were exported in the last Iranian year (ended March 19), which indicates a 3.4% rise compared to the previous year, according to the deputy head of the Trade Promotion Organization of Iran. “We are focusing on exports of goods with high value-added as opposed to raw material. The aim is to increase non-oil exports by $10-12 billion in the current year. After the removal of sanctions against Iran in mid-January, we are looking forward to adding more European countries to the list of our export destinations,” Mohammad Reza Modoudi was quoted as saying by IRNA.  Modoudi added that Bangladesh and Indonesia as well as African countries are other targets of Iran’s future exports. “Last year, we experienced a positive trade balance in non-oil goods for the first time with the credit going to efforts made by the private sector to fortify exports when the country was facing sanctions and an economic recession,” he said.