Domestic Economy
0

Iran's Non-Oil Export Basket Incongruous

Around 29% of Iran’s total export value belonged to only six commodities (0.13% of the total number of exported commodities) in the fiscal 2018-19, which were exported by only three governmental companies operating in the fields of oil, gas and petrochem
Iran's Non-Oil Export Basket Incongruous
Iran's Non-Oil Export Basket Incongruous

A total of 4,376 types of products in the basket of Iran's non-oil exports earned the country $44.31 billion in the last fiscal year (March 2018-19).
Out of these commodities, 4,000 accounted for only 6% of the total export value ($2.65 billion) while the remaining 94% ($41.65 billion) pertained to 376 types of goods.
Around 29% of Iran’s total export value ($12.7 billion) belonged to only six commodities (0.13% of the total number of exported types of commodities) during the period. Notably, these six commodities were exported by only three governmental companies operating in the fields of oil, gas and petrochemicals.
The above remarks were made by former caretaker of Trade Promotion Organization of Iran, Mohammad Reza Modoudi. 
Modoudi, however, didn’t specify the names of these companies.
No company from the private sector exported more than $1 billion worth of commodities last year.
The figure indicates exports still rely heavily on oil-based commodities produced by governmental companies.

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