Mine, mining industry production exports reach $5.4b

EghtesadOnline: Value of exports in the sector of mine and mining industries in the first 10 months of the past Iranian year (ending on March 20) registered for 5.4 billion dollars, accounting for 15.3 percent of the country’s total exports in the same period, according to the statistics of Customs House Office.

News ID: ۷۴۰۵۸۲

27 March 2017

Exports of steel chain products received the highest share in the period with 40.6 percent.

Copper with 11.2 % and iron ore with 11.1 % had the second and third places, according to IRNA.

According to the figures, 22.9 percent of Iran’s export went to China which was the first destination for Iranian goods; Iraq with 13.3 and the United Arab Emirates with 9.2 percent had next positions.

In the same period, total of 3.08 billion dollars of mine and mining industries products have been imported to the country, which accounted for 8.5 percent of the country’s imports.

Director for Planning and Strategic Supervision of Iranian Mines & Mining Industries Development & Renovation Organization (IMIDRO) Amir Sabbagh had already declared value of exports in the sector of mine and mining industries in the Iranian year of 1394 was more than 7 billion dollars.

In the same year, volume of foreign trade in the sector of mine and mining industries was 11.5 billion dollars, of which 7.5 billion is related to exports and 4.44 billion to imports, he said.

Steel and its downstream industries had the highest share in exports and imports in the year 1394, of which 38 percent belongs to exports and 62 percent to imports.

Iran is planning to produce 55 million tons of crude steel in its 2025 Vision Plan of which around 15 million tons will be exported.