Iran’s annual non-oil exports to rise 50%: official

Iran’s non-oil exports will increase by 50 percent in the current Iranian calendar year, which started on March 21, Trade Promotion Organization of Iran Director Valiollah Afkhami-Rad said.

The value of Iran’s non-oil exports stood at $31 billion in the last Iranian calendar year, IRIB quoted Afkhami-Rad as saying on Monday.

The value of Iran’s non-oil exports will rise to $47 billion in the current Iranian year according to the Fifth Five-Year Development Plan (2010-2015), the official stated.

According to a report released by Iran’s Customs Administration on April 28, Iran’s non-oil exports grew by 10.4 percent in the first month of the current Iranian calendar year (March 21-April 20), compared to the same month last year.

The report said that the country exported 6.236 million tons of non-oil products, including gas condensates, valued at $2.824 billion, showing a 5.45 percent rise in weight and 10.4 percent growth in value, compared to the same month last year.

Meanwhile, the country imported 2.644 million tons of products, valued at $2.514 billion, in the mentioned period of time, indicating a 39.74 percent rise in weight and 21.53 percent growth in value, compared to the same month last year.

Iran’s non-oil exports witnessed nearly half-a-percent growth while the country’s imports dropped around five percent in the previous Iranian calendar year, according to Press TV.